Whistleblower Policy – Does Your Company Need to Put One in Place?

28 February 2020

A whistleblower is an individual who comes forward and shares his/her knowledge on any wrongdoing which he/she thinks is happening in the whole organisation or in a specific division/department. The following categories of persons may be whistleblowers: an officer or employee (e.g. current and former employees who are permanent, part-time, fixed-term or temporary, interns, secondees, … Continued

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Statutory Demands

4 December 2014

Statutory Demand Fact Sheet – CTI Lawyers What is a Statutory Demand? This is an initiating process in Winding up a Company. A Statutory Demand is a demand made under 459E of the Corporations Act 2001 (Cth). This document is not issued by the Court. A Statutory Demand requires that the Company pay a specified … Continued

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Don’t get ripped off by Phoenix Companies!

Don’t get ripped off by Phoenix Companies! There has been a recent crackdown on the construction industry relating to ‘phoenix companies’. A phoenix company relates to companies who suddenly shutdown their company with the intent to evade outstanding debts and then start trading again under a new company. The new company is often operated under … Continued

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Indicators of Insolvency

7 January 2013

The Courts frequently need to consider whether or not a company or individual is insolvent and if so, when that insolvency started and when various people should have suspected it. This usually occurs when a liquidator or bankruptcy trustee commences a recovery action. It is also a critical issue for directors of companies when liquidators … Continued

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Insolvency – checking the health of your business

21 December 2012

Companies are focusing on defensive strategies to protect their businesses in light of the economic downturn and diminishing credit availability. ASIC has also announced its major focus will be on Directors to ensure that they have taken the appropriate steps where their companies have become insolvent.

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