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Pheonix Companies News

Sunday October 21, 2018

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Wide Ranging Pheonix Reforms Laid on Table
Business
Thursday October 5 2017

Wide Ranging Pheonix Reforms Laid on Table

Transferring money or assets between companies to avoid paying creditors could be specifically prohibited under the Corporations Act as part of wide ranging reforms which have...

New Laws to Target ‘Phoenixing’ by Dodgy Company Directors
Business
Thursday September 14 2017

New Laws to Target ‘Phoenixing’ by Dodgy Company Directors

Directors of companies in Australia will be issued with unique identification numbers as part of measures the Federal Government says will help crack down on illegal...

Queensland Introduces Building Industry ‘Fairness’ for Subcontractors
Business
Tuesday September 5 2017

Queensland Introduces Building Industry ‘Fairness’ for Subcontractors

Queensland has ushered in a new era of ‘fairness’ in the building sector as the government in that state introduces legislation designed to improve protection for...

Labor Takes Aim at Phoenix Company Operators
Business
Friday May 26 2017

Labor Takes Aim at Phoenix Company Operators

Directors of companies in Australia will need to obtain unique identification number and would be required to provide identification under a new plan put forward by...

Are Labour Hire Companies Rorting Aussie Workers?
Business
Tuesday April 26 2016

Are Labour Hire Companies Rorting Aussie Workers?

When Filipino worker Edwin De Castro landed a position through a labour hire firm to work on a construction site in Narrabri in New South Wales,...

NSW Government Under Fire for Road Contracts
Civil
Thursday February 25 2016

NSW Government Under Fire for Road Contracts

The NSW government has come under fire for awarding multi-million dollar contracts to a construction firm whose directors allegedly failed to pay their sub-contractors.

ATO Targets Phoenix Construction Companies on Gold Coast Games Sites
Business
Wednesday October 7 2015

ATO Targets Phoenix Construction Companies on Gold Coast Games Sites

Directors of companies engaged in work on building sites associated with Commonwealth Games facilities who transfer assets between companies in order to avoid debts have been...

Construction Union Calls for Sham Contracting Probe
Business
Wednesday July 8 2015

Construction Union Calls for Sham Contracting Probe

Sham contracting, tax evasion and phoenixing within the formwork industry in the Australian Capital Territory should all be the subject of major government body investigations, a...

How Can Phoenix Companies Be Stopped?
Business
Monday July 6 2015

How Can Phoenix Companies Be Stopped?

The experience of workers and creditors associated with Sydney-based construction companies linked to James Soong over several decades was shocking.