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Coronavirus Economic Response Package Omnibus Act 2020 (Cth) ( COVID Act), which came into force on 25 March 2020 and has provided temporary relief to financially distressed individuals and businesses over the last nine months. What will happen after 31 December 2020? From 1 January 2021, the COVID Act measures will no longer apply and the usual pre-COVID-19 timeframes and thresholds will be reinstated, namely: there will no longer be relief to directors from personal liability for insolvent trading. However, other provisions, which introduced a 'safe harbour' from such liability in certain c...

The International's developer calls for voluntary administration, can't pay all creditors 18 Feb, 2021 02:49 AM 3 minutes to read Gary Groves from the Sanctuary Group is developing the 90-unit project called The International on Princess Street. / Dean Purcell Gary Groves from the Sanctuary Group is developing the 90-unit project called The International on Princess Street. / Dean Purcell The developer behind one of New Zealand's biggest apartment jobs The International has put the company into voluntary administration, saying not all creditors will be paid. Gary Groves engaged Dominion Const...

Horsetalk.co.nz Equestrian Australia (EA) has exited the Voluntary Administration process following its Deed of Company Arrangement (DOCA) coming into effect. Mark Bradley, EA’s Chairman of the Board of Directors, said that Voluntary Administrators Craig Shepard and Kate Conneely from KordaMentha, have finalised all conditions of the DOCA and have handed back control of the organisation effective from February 11. EA had been placed in administration in June, 2020. “The new EA Board, who were appointed in October 2020, but were unable to formally act until the end of the DOCA now have the...

This is how you should plan for the end of stimulus measures 13 January 2021 How Fashion Retail Should Prepare for the Stimulus Packages Ending The end of the stimulus package on the 28 th March 2021 couldn’t occur at a worst time for fashion retailers coming at the end of the traditional slow months of January to March, 12 months of Covid disruption, less revenue due to the recession, lock downs, and changing shopper habits. Leaving aside trading up to Christmas retailers have 3 months from 1st January 2021 to 28 th March 2021 to plan for 28 th March stimulus ending. For retailers not rec...

Horsetalk.co.nz Equestrian Australia’s rescheduled Annual General Meeting on January 25 lapsed after the number of voting members required in person or by proxy to form a quorum was not met. Under normal circumstances, only 20 voting members are required to constitute a quorum at the AGM, but as there was a ‘Special Business Notice of Motion’ on the agenda 5% of voting members were required. While this equated to 820 voting members, 654 voting members attended. The ‘Special Business Notice of Motion’ tabled for the meeting was looking to grant Equestrian Northern Territory the same...