Late charges; courts are increasingly taking a hard line when it comes to extensions of time for charges over the assets of debtors

Article Abstract:

Several cases indicate the courts are enforcing Australia's Corporations Law in respect to businesses' late filing of notice of required charges. In Campbell Finance vs Vivstan Packaging (Aust) Pty Ltd, a company lost loans because of late filing. Morris vs Woodings, a company had to file for bankruptcy following a late notice of charges. Accountants should be aware of the circumstances under which they may receive an extension of the charge filing time limit.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Tax: mapping the reform route

Article Abstract:

Australian accountants can be key players in tax reform debate through the Australian Society of Certified Public Accountants. The Society informs its members of important issues and promotes reform. Two papers regarding tax return elimination and profit alignment provoked the public's interest. Further working papers are planned.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Super legislation: turmoil aplenty

Article Abstract:

Australia's Federal Parliament is currently reviewing proposed changes to superannuation fund legislation. During March 1999, the government introduced an amendment to superannuation legislation, and announced changes to the superannuation surcharge. Australia's courts are also reviewing various aspects of this legislation.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code: