RugbyWA is out of voluntary administration after Rugby Australia waived a legal debt of more than $1 million.
RA spent about $1.7 million in legal costs after RugbyWA challenged the Western Force’s axing from the Super Rugby franchise.
RugbyWA entered into voluntary administration last month, saying the axing of the Force meant it simply didn’t have the revenue stream to pay back RA’s demands.
But RA has now forgiven that debt after billionaire mining magnate Andrew Forrest promised to pump more than $2 million into grassroots and women…
Read the full article at: http://www.watoday.com.au/wa-news/rugbywa-out-of-voluntary-administration-20171208-h01erh.html
RugbyWA is out of voluntary administration after Rugby Australia waived a legal debt of more than $1 million.
RA spent about $1.7 million in legal costs after RugbyWA challenged the Western Force’s axing from the Super Rugby franchise.
RugbyWA entered into voluntary administration last month, saying the axing of the Force meant it simply didn’t have the revenue stream to pay back RA’s demands.
But RA has now forgiven that debt after billionaire mining magnate Andrew Forrest promised to pump more than $2 million into grassroots and women’s rugby.
As part of Forrest’s plan, the Future Force Academy will also be resurrected to help convert amateur athletes to professional players, and it will be open to women for the first time.
RA have als…
Read the full article at: https://www.sbs.com.au/news/rugbywa-out-of-voluntary-administration
CONSULTATION will occur with the family of a politician buried in an underground crypt after concerns about its future.
An “extremely rare tomb containing Joseph Fleming and his wife, Phoebe, was located at the Ipswich General Cemetery.
The Ipswich City Council planned to engage a university’s archaeological faculty and had secured the voluntary services of a stonemason to excavate and document the Fleming crypt.
But descendants of Mr Fleming, one of Queensland’s first politicians, have conflicting opinions about the site’s future.
His great-great niece, Narelle Radunt, acknowledged the prominent excavation of the crypt could lead to desecration of the area.
But she agreed the community would be interested in the crypt’s contents and …
Read the full article at: https://www.qt.com.au/news/pledge-for-crypt-consultation-before-excavation/3285759/
If all 1.9 million premises still to connect to the national broadband network on existing pay television or internet cables are pushed back by six months, it could result in a $500 million delay in revenue, NBN Co chief financial officer Stephen Rue said on Friday.
In late November, the NBN announced a six to nine-month delay for new customers being added to its hybrid fibre coaxial (HFC) network, starting from December 11.
ASX winners and losers – a snapshot
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Read the full article at: http://www.smh.com.au/business/nbn-says-six-month-rollout-delay-could-postpone-500m-in-revenue-20171207-p4yxis.html
RugbyWAs creditors have voted to exit voluntary administration and the Western Force name has been maintained after a settlement with Rugby Australia (formerly the ARU).
Dear Western Australian Rugby Community,
Recent times have been very challenging for Rugby in Western Australia. However, I am really pleased to update you on the progress we have made and positive outlook we can now provide particularly for our community game.
Today at 10:00am AWST, and as part of the Voluntary Administration process our creditors have voted to exit voluntary administration and return RugbyWA to the directors.
To enable this to happen, key Creditors including Rugby Australia and Lavan have agreed to forgive RWAs liabilities and the State Government h…
Read the full article at: http://www.theroar.com.au/2017/12/08/rugbywas-letter-community-exiting-voluntary-administration/
With Puyo Puyo‘s release in 1991, Masamitsu Itani became one of the most successful game company presidents in Japan. Then everything went bust. But just as Itani lost everything, he didn’t lose his will to keep making games.
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New Delhi, Dec 7 () Puravankara and Godrej Properties are among at least six companies that have expressed interest in submitting resolution plan for Amrapali Silicon City, a group firm of debt-ridden realty firm Amrapali.
Investments of thousands of home buyers are stuck due to huge delays by Amrapali group in completion of projects, forcing them to protest and file legal cases in courts.
In September, the National Company Law Tribunal (NCLT) had admitted a petition of Bank of Baroda against Amrapali Silicon City over a loan default. An interim resolution professional (IRP) was appointed to carry out the proceedings under the Insolvency and Bankruptcy Code (IBC).
Amrapali Silicon City is developing a residential project A…
Read the full article at: https://timesofindia.indiatimes.com/business/india-business/puravankara-godrej-properties-keen-in-resolution-of-amrapali/articleshow/61967654.cms
Property118 Limited has just released a new spreadsheet for landlords and their accountants to download free of charge.
The spreadsheet is incredibly easy to use and produces instant results.
Find out whether it might be possible to restructure your business so that you only pay corporation tax on a significant amount of your future your rental profits, and without any restrictions on finance cost relief either. The corporation tax rate is currently 19% and is scheduled to fall to 18% next year and 17% the year after.
This spreadsheet will calculate the maximum amount of funds you will be able to withdraw from your business without paying any further tax as a result of using this particular restructuring method. It will also provide…
Read the full article at: https://www.property118.com/landlords-business-restructure-spreadsheet/
“My husband and I are parents of three children. We have worked very hard through the year to take care of some of our debt,” a woman wrote to Goodfellows.
“We sometimes have enough to cover our main bills, but never enough for extras around the holiday season,” she wrote. “My children never know our circumstances of our bills exceeding to what we make. We live from paycheck to paycheck to make ends meet.
“Help for the holidays will make things less stressful for me and give me more time to enjoy the holiday with my family. I want to see smiles on my kids faces. My husband and I would be very (appreciative) for th…
Read the full article at: http://www.nonpareilonline.com/goodfellows/family-focused-on-paying-off-debt-in-need-of-holiday/article_0cd4323a-daf3-11e7-ba99-63b06606b96b.html