by Adam Lysle

Nearly every person in Australia has an insurance policy. CTP, car insurance, home and contents, travel etc. Nearly every business has some type of insurance be it for public liability, fire, theft etc. However, it amazes me that not many businesses have considered a trade credit insurance policy of some kind.

by Adam Lysle

Time and time again the old bandwagon of director’s duties comes out. However, now more than ever, the corporate watchdog is using their federal connections with the ATO and Department of Employment to take action against directors. I guess therefore, it’s time to take heed before taking action when businesses and/or directors enter into a stressful period.

By Louise Thomson and Irena Malley

The majority of people reading this article would know at least one person who owns or works in a family business – it is a business structure that is very much ‘close to home’.

PoidoVeritas Advisory have already developed a great reputation for hosting great client functions but the function held on 1 October 2015 will have many talking for a long time to come.

Guest of honour was 59 test Wallaby great, former Captain and member of the 1991 Rugby World Cup winning side – Simon Poidevin who showed why he is a class above many others in a tantalising Q&A session with a full house in awe.

by Frank Farrugia

Insurance has been in the past a dirty word seen as a cost to avoid. It always appears that the cost of insurance keeps increasing. Something that I always lived by was the words ‘you will only need insurance when you don’t have it’.

by Frank Farrugia

It has now been over 3 years since the introduction of the PPSR and the PPS Act continues to be discussed for improvements.

by Frank Farrugia

The Australian Parliament is working towards the amendment of Australia's Personal Property Securities Act ("PPS") in order to reduce the number of lease transactions deemed to be a ‘PPS Lease’ under Section 13(1)€ of the Act.

The Curat emailThe Curat - the latin word for cure - aims to provide insight into distressed matters for both the Corporate and Individual worlds.

In this edition of the Curat, the focus is placed into the overseas market and its link to the Australian market. 

Click here to view our latest Newsletter.

by Adam Lysle

Time and time again we hear about efforts and systems that the Australian Taxation Office will implement to toughen their stance on the collection of their debt. The question is; Is it working? The answer to this would have to be a resounding “NO” as disclosed in a recent report to the Assistant Federal Treasurer, the total debt owed to the ATO increased to $35B as at 30 June 2014 which was a jump of almost 10% from the previous year.

by Chris Kindis

In recent months it has been evident that the ATO has adopted an increasingly stringent stance with their enforcement activities in an attempt to recover unpaid taxes. This is highlighted in the drastic increase in ATO initiated winding up applications.

The Curat NewsletterThe Curat - the latin word for cure - aims to provide insight into distressed matters for both the Corporate and Individual worlds.

                         Click here to view our latest Newsletter.

by Irena Malley

For persons faced with the prospect of bankruptcy, it can be a difficult time to endure. Anxiety and a lack of control can be emotions experienced by prospective bankrupts. However, this is often a result of the fear and misunderstanding surrounding the bankruptcy process.

by Ruby Montilla

Setting up and running your own business takes blood, sweat and tears… and some liabilities or risks.

Most small business owners get carried away with managing the day to day trading of the business and fail to take a step back and see the overall financial health of the company--- more often than not it’s too late for business owners to realise that the company is drowning in debt and they find themselves asking… “How do I get out of this mess?”

by Frank Farrugia

The final report on the review of the Act was tabled before parliament Wednesday, 18 March 2015.

Meeting of creditors of Managed Options Pty Ltd (In LIquidation) and Fund Options (Australia) Pty Ltd (In Liquidation) will be held at our offices on 1 June 2015 at 10.00am.

If you are an investor please contact Veritas Advisory immediately on 02 8999 9330.

Please see attached notice of meeting.

by Frank Farrugia

ASIC releases its insolvency statistics which highlights a gradual fall in appointments over the last 6 months. 

by Jackie Stepto

In recent times is it very common for Australian parents to assist their adult children financially when purchasing property.  Many parents are entering into arrangements with their children without doing their homework!

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