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Director's Exposure during COVID

We provide advice to Companies and Directors should consider seeking independent advice about their personal situations.

Speaking generally it is important to note that whilst there is some temporary relief during COVID-19 from insolvent trading in certain circumstances, Directors continuing to trade insolvent companies still may commit other offences and expose themselves to increasing personal liabilities.

It is important to note that in some circumstances Directors remain personally liable for already incurred unpaid PAYGW (Pay As You Go Withholding), GST and superannuation even if a company is placed into liquidation.

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SME NRP - NewsRadio Interview

My News Radio Interview with Steve Chase is a Helicopter 5 Minute View of the New Small Business Restructuring Process - Help for Directors to Overcome COVID Challenges and to work with their Creditor

New Restructuring Process

The government has announced a new restructuring process and also a new streamlined liquidation process, both expected to commence 1st January 2021. The sooner companies seek help the better the outco

Victoria - COVID Safe Plan

Under Stage Four Restrictions all Businesses with five or more employees that continue to operate from a workplace, worksite or on the road (to any extent) must have a COVID Safe Plan in place from 11

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Bruce Mulvaney & Co​

 

Tel: (03) 9896 9000
Mob: 0418 848 212

Fax: (03) 9896 9001

Email Bruce Mulvaney

Level 4, 858 Glenferrie Rd,

Hawthorn, Vic, 3122

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Memberships

We are a full member of ARITA (Australian Restructuring Insolvency and Turnaround Association) and utilise the ARITA precedents and technical resources. Additionally, our systems are based on the leading CORE Turnkey Insolvency Software.

Liability limited by a scheme approved under Professional Standards Legislation                                                                                                                      © 2021 by Bruce Mulvaney & Co