Australia

Australian Vanlines Pty Ltd – Court Liquidation

Appointed Court Liquidator (Official Liquidator) following an application by the Australian Taxation Office for the winding up of Australian Vanlines Pty Limited, a company in the shipping and storage industry. During our investigations into the affairs of the company, we identified and located over 250 private owners’ shipping containers across Sydney. A first and final dividend was paid to unsecured creditors from net asset realisations and net recoveries from voidable transactions.

Fast Access Finance Pty Ltd – Court Liquidation

Appointed Court Liquidator (Official Liquidator) following an application by the Australian Securities and Investments Commission (ASIC) for the winding up of Fast Access Finance Pty Ltd, a payday lender which the Federal Court ruled had breached consumer credit laws by engaging in credit activities without holding an Australian credit licence.

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Court Liquidation Experience Specialists

Latest insights from our Restructuring & Insolvency team

Business distress indicators and how to identify them
19 May 2022 | Minutes to read: 5

Business distress indicators and how to identify them

When it comes to assessing business distress and a company’s insolvency risk, there are two approaches: the...
Thousands of Director Penalty Notices issued in ATO debt collection activities
13 April 2022 | Minutes to read: 2

Thousands of Director Penalty Notices issued in ATO debt collection activities

Following a relatively quiet period during the COVID-19 pandemic, the Australian Taxation Office (ATO) has resumed its...
Are you ready to apply for your Director Identification Number?
6 April 2022 | Minutes to read: 2

Are you ready to apply for your Director Identification Number?

Effective 1 November 2021, all directors of registered bodies are required to obtain a Director Identification Number...
Exit smart by using a solvent winding up
23 March 2022 | Minutes to read: 4

Exit smart by using a solvent winding up

When a company’s life cycle has run its course and the corporate entity is no longer required,...
Canberra to consult on the treatment of corporate trusts under insolvency law
24 November 2021 | Minutes to read: 2

Canberra to consult on the treatment of corporate trusts under insolvency law

Australia’s current insolvency law does not clearly address the treatment of corporate trusts which are commonly used...
Directors beware – or face potential criminal charges and ASIC banning orders
11 November 2021 | Minutes to read: 3

Directors beware – or face potential criminal charges and ASIC banning orders

In a strong warning to company directors over the past four weeks, Australia’s corporate watchdog has issued...

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