Australian construction-industry insolvencies surged nearly 21 per cent last financial year to a new high, reflecting what the corporate regulator said was a greater use of insolvency appointments by small businesses restructuring debts in a way that would let them keep trading.

Figures published by the Australian Securities and Investments Commission on Monday showed economy-wide insolvency appointments for the year to June revealed a jump in construction-industry insolvencies – the single largest sector – from 2977 in FY24 to 3595, while total insolvencies rose 33 per cent to 14,716.

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A company paid more than €720,000 twice by the Health Service Executive (HSE) on foot of the same invoice is now in liquidation.

The HSE said it was “engaged with the liquidator to recover and resolve this overpayment, among other matters”. So far the overpayment has not been recouped.

The HSE said that, at the time of the liquidation, the company had maintained it was owed additional money by the health service but this was not paid “pending the resolution of the double payment issue and other matters”.

The HSE identified the company that received the two payments as PMD Device Solutions Ltd.

In February, PMD Device Solutions Ltd petitioned the High Court for the appointment of provisional liquidators, acknowledging it was…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2. Choose “App Settings” from the menu

3. Turn on the option “Links Open Externally” (This will use…

NBA forward Marcus Morris Sr. is speaking out after spending more than two days in a Florida jail, vehemently denying allegations of fraud tied to an unpaid gambling marker in Las Vegas and calling the legal fallout “wild” and humiliating.

Morris, 35, was arrested Sunday at a South Florida airport on a fraud charge stemming from what authorities described as a bounced check linked to casino debt. His agent, Yony Noy, called the situation “absolute insanity.”

In a series of candid social media posts Wednesday, Morris admitted he took out a marker to gamble — a practice he says he’s done for years — but insisted he never intended to dodge repayment or flee. Instead,…

When a company enters formal Canadian insolvency proceedings, whether it is a restructuring or liquidation scenario, the Canadian legislation and courts have held that the “interest stops rule” applies in respect of unsecured claims, meaning interest ceases to accrue on such claims after the filing date. A recent decision from the Alberta Court of Appeal has confirmed that the interest stops rule does not apply to secured claims to the extent there is sufficient value in the creditor’s collateral. The decision has confirmed that secured creditors are entitled to payment of their post-filing interest as part of their secured claim, while unsecured creditors’ post-filing interest entitlements are to be disregarded,…

When a company enters formal Canadian insolvency proceedings, whether it is a restructuring or liquidation scenario, the Canadian legislation and courts have held that the “interest stops rule” applies in respect of unsecured claims, meaning interest ceases to accrue on such claims after the filing date. A recent decision from the Alberta Court of Appeal has confirmed that the interest stops rule does not apply to secured claims to the extent there is sufficient value in the creditor’s collateral. The decision has confirmed that secured creditors are entitled to payment of their post-filing interest as part of their secured claim, while unsecured creditors’ post-filing interest entitlements are to be disregarded,…

A relatively underappreciated constituency is raising the alarm about President Donald Trump’s “big, beautiful bill” — gamblers.

Tucked into the nearly 900-page legislation is a change to how gambling losses are taxed that some professional and amateur bettors say could crush the industry.

The provision, only a few paragraphs, would limit what gamblers can deduct from their yearly taxes to 90% of their losses starting in 2026. Currently, bettors can deduct the entirety of their losses, up until their winnings.

What a number of gambling aficionados pointed out on social media was that by limiting the tax deduction to 90% of losses, gamblers could actually owe taxes in years when they netted losses on their bets.

“This new amendment…