RSM Australia

Our People

Biography

Greg is a Partner and National Head of Restructuring & Recovery.

An accountant with over 25 years’ experience in restructuring and recovery, Greg has significant exposure to industry sectors including retail, agricultural, resources, building and construction, manufacturing and mining.

Greg Dudley is a Partner of RSM Australia Partners and a Director of RSM Australia Pty Ltd.

Solutions Greg provides

Greg's areas of expertise include:

  • Asset Protection / Structuring for Directors and Business Entities
  • Business Restructuring
  • Personal and Corporate Insolvency Services
  • Financial Investigations

Significant projects

  • Utilisation of the Voluntary Administration process to restructure the finances of a mining company so they were able to re-list on the ASX and pay their creditors 100 cents in the dollar
  • Completion of a Deed of Company Arrangement allowed Greg to help a mining company to re-list on the ASX whilst limiting the claims made by creditors and limiting the liability of directors as a result of an environmental incident
  • Utilisation of the Voluntary Administration process to trade on a listed entity for 10 months, whilst restructuring the shareholding. The result was that the agricultural electronic equipment manufacturer re-listed on the ASX, maximising creditor returns and retaining shareholder value
  • Voluntary Administrator/Deed Administrator of a significant WA regional Farm Machinery Dealership that resulted in a restructure and continuation of the business including continued employment of approximately 50 employees.
  • Court-appointed Receiver over a partnership resulting in trade on and an orderly sale of an iconic commercial property with approximately 25 retail tenancies in Fremantle WA.
  • Investigations into Bankrupts affairs resulting in recovery of an interest in a property not held in the Bankrupts name.
  • Usage of powers under the Bankruptcy Act to determine the employment status of a Bankrupt and then to compel income contributions to be made to the bankrupt estate by the employer. The outcome of these actions resulted in significant funds becoming available into what was on face value a nil value estate.
  • Application of the Public Examination process in numerous Court Appointed Liquidations to determine the conduct of Directors/Associated parties and ultimately recover funds into Liquidations for the benefit of creditors.

Professional associations

  • Member, Chartered Accountants Australia and New Zealand
  • Member, Australian Restructuring Insolvency and Turnaround Association
  • Member, Australian Institute of Credit Management
  • Member, Australian Institute of Company Directors

Qualifications

  • Bachelor of Business (Curtin University)
  • Registered liquidator
  • Registered Bankruptcy Trustee
Publications

Webinar: Director's Duties when incurring liabilities in a COVID-19 world | 11 June 2020

11 June 2020
We are in unprecedented times and the economic landscape is rapidly changing creating many uncertainties for Directors. Temporary legislative change has been enacted to provide a level of protection to Directors when incurring liabilities until 25 September 2020. Personal liability for insolvent trading in respect of liabilities incurred in...

A calm approach to crisis: develop smart plans and avoid rash decisions

1 April 2020
The past couple of months have certainly been a rollercoaster as we adjust to a new way of working, and evaluate the effect that our national response to the health crisis will have on our livelihoods.  But as fear and panic pervade, it’s never been more important to STOP. Take a breath. Re-assess. Now is not the time for hasty, reacti...

Insolvency - Temporary relief for financially distressed businesses

23 March 2020
The Government has announced measures to extend relevant time periods for the expiration of statutory demands (Companies) and bankruptcy notices (Individuals) from 21 days to six months. The measures also provide temporary relief for personal liability for insolvent trading (applicable for six months) which allow Directors and business owners to fo...

Where is your business in the asset protection lifecycle?

26 September 2019
“Planning is bringing the future into the present so that you can do something about it now.” - Alan Lakein Time flies when you’re running a business. Days turn into weeks, which turn into months, and before you know it…years have passed. Focussed on building momentum and keeping the cogs turning, it’s easy to direct all of your en...

Why tax time is the perfect time to review your assets

4 September 2019
Think for a moment about everything you own: house, property, cars, caravans, stocks, bonds, savings, and more. Think about how long it took you – and how hard you worked – to get it. Now imagine it all being taken away. In one fell swoop, all the wealth you have generated for yourself and your family is gone and you are back at square one. ...

Personal Insolvencies on the Rise

14 December 2016
In a sign of the challenging economic circumstances that face certain industries and geographic areas throughout Australia the number of personal insolvencies in Australia has risen by 4.4% in 2015 / 16 as compared to 2014 / 15. This is the first increase in formal personal insolvencies since the Global Financial Crisis. A total of 29,527 ind...

PPS - how can landlords best protect themselves from an insolvent tenant

8 October 2015
Landlords and tenants may be tempted to dismiss the relevance of the Personal Property Securities Act(PPSA). After all, the answer is in the title of the legislation. It relates to personal property, not real property. However, the PPSA may have relevance to landlords and tenants in arrangements where a landlord leases personal property to ...

How to avoid becoming a zombie company

11 February 2015
Like the traditional walking dead, zombie companies wander aimlessly and unsteadily, not quite alive but still moving. The term ‘zombie companies’ has become more common as low interest rates let otherwise struggling companies battle on. In the past, many of these underperforming organisations managed to slip under the radar, escaping insolv...