Latest Insolvency News

EXCLUSIVE: Subbies’ fraud claim names bank – Sunshine Coast Daily - September 08, 2018

Sunshine Coast Daily EXCLUSIVE: Subbies' fraud claim names bank Sunshine Coast Daily A JOINT fraud complaint to Queensland Police has alleged that one of Australia's top four banks exposed 600 small businesses to $30 million in losses to allow it to recover more than $18 million it was owe.

Read More

Sydney Man Died After Takata Airbag Malfunctioned – Gizmodo Australia - September 07, 2018

Gizmodo Australia Sydney Man Died After Takata Airbag Malfunctioned Gizmodo Australia Japanese manufacturer Takata filed for bankruptcy in June last year, however around four million of the defective inflators were already in Australian cars. As of August, just over ... 1.8 million remaining. It is .

Read More
Insolvency News logo

The day the music died for the world economy and capitalism – The Australian - September 07, 2018

The day the music died for the world economy and capitalism The Australian And the regulator closest to the financial markets, the punk music-loving Guy Debelle, thinks the line of 1980s gloomsayers classic This is the Day — “you didn't wake up this morning cos you didn't go to bed” .

Read More

Revealed: How the RBA kept the banks afloat with a $4 billion daily lifeline – The Australian Financial Review - September 07, 2018

The Australian Financial Review Revealed: How the RBA kept the banks afloat with a $4 billion daily lifeline The Australian Financial Review In early 2008, the forbearance of the newly installed government in Canberra was being sorely tested – as it is now – when the country's big four bank.

Read More

James Shipton outlines ASIC’s new game plan – The Australian - September 07, 2018

The Australian James Shipton outlines ASIC's new game plan The Australian As part of a renewed focus on insolvency practitioners, the regulator plans to overhaul the assetless administration fund, which pays for investigations by liquidators of companies when there is nothing left in the corpor.

Read More

BMD boss Mick Power has just had his wallet lightened to the tune of more than $20 million – Courier Mail - September 07, 2018

Courier Mail BMD boss Mick Power has just had his wallet lightened to the tune of more than $20 million Courier Mail Yes, his Brisbane-based group, one of Australia's biggest privately-owned urban development outfits, wrote an eye-watering cheque this week for $20,221,039 and deposited it in a .

Read More