Liability limited by a scheme approved under Professional Standards Legislation                                                                                                                            © 2018 by Bruce Mulvaney & Co

Bruce Mulvaney & Co​

 

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Hawthorn, Vic, 3122

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September 5, 2018

The Good News is that there are Better and Safer Solutions!

The Draft Legislation for tougher laws including recovery actions and offences for illegal Phoenix Activity was released on 16 August 2018.

Further information on these proposed reforms and offences are available via the treasury media release (link).

What is Phoenixing?

Illegal Phoenix activity occurs when company assets are transferred to a new entity for little or no consideration in return while leaving the liabi...

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