by Quinns Blog | Feb 5, 2020 | Blog
On 1 July last year, the Single Touch Payroll (STP) system was introduced for employers with less than 20 staff. This was to allow employers to report payroll data to the Australian Taxation Office (ATO). While a three-month transition period allowed these small...
by Quinns Blog | Feb 5, 2020 | Blog
A recent case of the High Court has clarified a key principle of the Corporations Act. Carter Holt Harvey Woodproducts Australia Pty Ltd v The Commonwealth [2019] HCA 20, otherwise referenced as the Amerind case, raises implications that Australian employees’...
by Quinns Blog | Jan 29, 2020 | Blog
Under section 58 of the Bankruptcy Act 1966, an individual’s property including the family home, lies in the hands of the bankruptcy trustee once they are declared bankrupt. This trustee holds certain obligations to discharge and salvage the ownership of property for...
by Quinns Blog | Jan 29, 2020 | Blog
A business can be sold for the purposes of enterprise or equity. Typically, a greater risk equates itself with equity sales as opposed to enterprise sales. The reason is that acquiring the shares enhances the likelihood of contingent claims. These claims, notably...
by Quinns Blog | Jan 22, 2020 | Blog
In October last year, the Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2019 came into effect to target illegal phoenixing. Its’ rationale was to reduce ‘phoenix activity’, (where a deliberately liquidated company creates a new company in order to...
by Quinns Blog | Jan 22, 2020 | Blog
The recent Corporations Amendment (Proprietary Company Thresholds) Regulations 2019 increased the thresholds for determining whether a company is a large or small proprietary company for a financial year. This is an important alteration to the previous regulations,...
