The DIN is Here!!

The Director Identification Number (DIN) has been introduced under the Corporations Act 2001 (“the Act”) as part of the Federal Government’s ongoing attempts to reduce fraud and in particular, illegal phoenix activity. A DIN will be a 15-digit number starting with “036” being the three digit code for Australia, then the eleven digit number [...]

By |2021-11-16T12:23:01+11:00November 16th, 2021|Uncategorized|0 Comments

What is a Members’ Voluntary Liquidation?

A Members’ Voluntary Liquidation (MVL) is a voluntary form of liquidation commenced by the shareholders of a company that is solvent and so able to pay its debts. Once the company’s assets are sold and the debts and costs of the liquidation have been paid, the balance of monies available are distributed to the shareholders. [...]

By |2021-10-19T13:01:42+11:00October 19th, 2021|Insolvency, Uncategorized|0 Comments

Serving a Bankruptcy Notice – Get it done right

A Bankruptcy Notice could be served in a variety of ways under regulation 16.01 of the Bankruptcy Regulations including the now antiquated method of being "sent by facsimile ...". Well, regulation 16.01 has moved address to now be known as regulation 102 which now identifies the methods of service as follows: Service of documents [...]

By |2021-08-17T11:06:40+10:00August 17th, 2021|Debt Recovery, Insolvency, Uncategorized|0 Comments
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