What is business liquidation?

Under the Corporations Act, insolvency refers to a business’s inability of a company to pay off its debts, as they fall due, out of the debtor’s company resources and refers specifically to businesses and companies. Liquidation (a form of insolvency) is the winding up...

Summary of Super Changes

Changes to your Super The following represents a summary of the major superannuation changes effective from 1 July 2013. 1.  Superannuation Guarantee contributions increase – the minimum SG contribution will be raised from 9% to 9.25%. The first increase will be...