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todayThursday, 2 July 2015

Is it time to reform the cornerstone of Australia's insolvency regime?

The last time Australia had a comprehensive evidence-based review into our corporate insolvency laws was in 1993. Among the most notable reforms of that landmark review was the ground-breaking creation of voluntary administration. by David Brown

ASIC investigates One Big Switch for potentially “false or misleading” advertising

One Big Switch is being investigated for misleading customers with advertisements stating a “price beat guarantee”, savings on life insurance and promises of consumers saving $600 all potentially coming up empty. by Rebecca Colquhoun

Sydney’s lockout laws cause collapse of well-known restaurant and bar

Sydney restaurant and bar La Cita collapsed into liquidation last week and the directors are blaming the NSW government’s lockout laws. by Cara Waters

Tuesday, 30 June 2015

Coles to refund $12 million to suppliers; Greek banks remain closed: Midday Roundup

Banks remain closed in Greece as French, German and Italian governments all warn that Greece is voting on their Eurozone membership on Sunday. by Rebecca Colquhoun and Renee Thompson

Five entrepreneurial lessons from 99 Wuxian chief executive, Amalisia Zhang, who convinced the world’s biggest banks to back her

Amalisia Zhang, chief executive of ASX-listed Chinese mobile commerce platform 99 Wuxian, has persuaded the chief executives of nine out of ten of China’s top banks to back her company. by Kirsten Robb

Monday, 29 June 2015

$40 million trucking company of TV show Megatruckers fame goes into voluntary administration

A high-profile haulage company that has been operating since 1999 has collapsed into voluntary administration. by Eloise Keating

Greece shuts banks and stock market: economic crisis deepens

The economic crisis in Greece has worsened, following a decision by the national government to temporarily close banks and the country’s stock market. by Eloise Keating

Friday, 26 June 2015

Australia Post to cut 2000 jobs as it pushes for move to slower mail service

Australia Post will cut over 2000 jobs over the next three years in an attempt to shore up its business, as it reports losses approaching $500 million this year from its mail business. by Cara Waters

Sportsbet’s “incredibly insensitive” move to take bets on when Sizzler will close

Collins Foods has revealed it will no longer invest money in struggling food chain Sizzler and will close “a small number” of the all-you-can-eat restaurants during the next financial year. by Eloise Keating
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