An Australian’s Guide to Priority of Payments in Liquidation

An Australian’s Guide to Priority of Payments in Liquidation

Jun 16, 2025

An Australian’s Guide to Priority of Payments in Liquidation When a company enters liquidation, who gets paid (and in what order) can make all the difference. In Australia, the priority of payments is governed by strict rules under Section 556 of the Corporations Act...
Financial Stress Symptoms

Financial Stress Symptoms

May 12, 2025

Financial Stress Symptoms Financial stress affects more than just your bank account. When financial difficulties arise, both your physical and mental health can deteriorate. The health consequences of money worries are substantial and wide-ranging. Physical maladies...
Secured vs Unsecured Debt: Which is Safer for Aussie Borrowers

Secured vs Unsecured Debt: Which is Safer for Aussie Borrowers

Apr 4, 2025

Secured vs Unsecured Debt: Which is Safer for Aussie Borrowers The differences between secured and unsecured debt can significantly affect your borrowing power. These differences play a key role in your financial decision-making. With secured loans, you can borrow...
Can I Pay My Tax in Instalments

Can I Pay My Tax in Instalments

Mar 28, 2025

Can I Pay My Tax in Instalments If left unpaid, a $10,000 tax bill could cost you around $571 in interest after six months, based on the Australian Taxation Office’s (ATO) current interest rate of 11.42% per year. Thankfully, the ATO lets you set up flexible payment...
Restructuring Meaning in Business

Restructuring Meaning in Business

Mar 16, 2025

In 2021, the Australian Government made changes to the country’s insolvency framework to better serve small businesses, making it easier for them to bounce back from financial challenges As part of these changes, the Government introduced a new, simplified debt...