Our People

Biography

Adam is a senior manager and a business transformation expert in the Restructuring and Recovery division in the Canberra office. 

Adam loves working with people to find the solution. After entrenching himself in a business and assessing its opportunities, he finds it extremely satisfying working with a variety ofAdam Cormack stakeholders to achieve the best outcome. His role is not just about numbers, it’s about people’s lives, and that’s why he works hard to find a solution that provides maximum benefit for all parties.

Before joining RSM, Adam used to work as an accountant at a small boutique accounting firm.

"I am motivated by providing assistance to numerous owners for implementing strategies to restructure their businesses in a way that meets their desired needs."

In his spare time, you’ll find Adam attempting almost any outdoor activity with a particular interest in rugby league, motorbikes and recently mountain biking.

When the Canberra winter sets in, Adam enjoys spending time with his family, watching sports and going to the gym, trying to never take anything too seriously.


Solutions Adam Provides

  • Corporate Insolvency Services
  • Restructuring, recovery, and insolvency expertiseAdam Cormack restructuring and recovery
  • Asset Protection / Structuring for Directors and Business
  • Business Restructuring
  • Financial Investigations
  • Litigation support/business valuations
  • Official liquidations
  • Business recovery
  • Family business meeting facilitation and mediation
  • High-level government and commercial consulting
  • Valuations and investigations
  • Restructuring and recovery advice strategic and business reviews

Significant Projects

  • Managing operations and realisation strategy for a South Australian Gold mine subject to receivership.
  • Confidential review of a not-for-profit medical enterprise and mapping out various options have now allowed the board to improve the net balance sheet via debt compromises and Government funding support.

Associations:

  • Member of Chartered Accountant
  • Australian Restructuring Insolvency and Turnaround Association

Awards:

  • CAANZ Candidate of the Module (Top mark of all candidates) – Taxation
  • CAANZ Certificate of Merit (Top 5% of all candidates) – Financial Accounting & Reporting
Publications

New warning notices from ATO for businesses with $100k+ tax debt

30 August 2021
Under laws introduced in 2019, the ATO is now issuing warning notices to businesses with tax debts over $100,000 that are now 90 days or more overdue.   Business owners have 28 days to engage with the ATO to discuss a payment arrangement or face having the debt disclosed to credit agencies.  While it may seem like a harsh measu...

Directors now immediately liable for overdue superannuation amounts

5 September 2019
From April 1st 2019, directors may be held personally liable for overdue superannuation from the moment it becomes overdue. The change, which falls under the Treasury Laws Amendment (2018 Measures No.4) Bill 2018, was announced alongside sweeping reforms to superannuation in Australia, such as the introduction of the new protecting your sup...