RSM Australia

Business Restructuring and Recovery

We have a dedicated team of restructuring and recovery professionals in Albury, Brisbane, Canberra, Melbourne, Perth, Sydney and Wagga Wagga that can undertake insolvency support services.  

RSM have a expert team of Restructuring and Recovery in Albury, Brisbane, Canberra, Melbourne, Perth, Sydney and Wagga Wagga that can undertake insolvency services.  Our business restructuring advisors are skilled in handling these types of appointments, backed by the resources of a full-service national accounting practice. By connecting with our multi-disciplined team approach, you can be assured of us achieving the best outcome.

Our valued client relationships and connections include:

  • Corporations in financial difficulty that need assistance in reorganising their affairs
  • Directors and business proprietors who have a personal financial exposure
  • Bankers, other financial institutions, and government agencies that have concerns about the financial health of a borrower; lawyers seeking specialised business recovery services for their clients
  • Other accountants and consultants seeking specialised business recovery services for their clients
  • The court, in the case of certain formal corporate recovery appointments​

RSM Australia offer an array of business restructuring services:

Bankruptcy services

We have business restructuring consultants that specialise in insolvency support solutions.

Business viability assessment

RSM undertake astute assessments to determine the viability of businesses, looking at financial health and performance.

Business restructuring services

Our team provide a range of business restructuring solutions. Services such as investigative accountant reports and monitoring appointments are tailored to suit individual business requirements.

Corporate insolvency solutions

RSM Australia provide insolvency support and solutions, from liquidation to voluntary administration, helping businesses to effectively and efficiently recover and rebuild.

Dispute resolution & family law support

Our team have a wealth of experience and expertise in dispute resolution affairs on a local, national and international level. Whether you need assistance with analysis of financial records, asset tracing or quantifying damages, we’re here to help.

Safe harbour

RSM Australia’s experienced business restructuring advisors can explain safe harbour, determine your company’s situation, provide advice and create a bespoke turnaround plan.

Solvency review

We can undertake a specialist solvency review to establish whether a debtor is insolvent. This involves carrying out a cashflow test and a balance sheet test to uncover any financial pressures your client is facing.

Our business restructuring consultants focus on industries in which they specialise, applying what we already know to financial problems in industries we understand. These include:

  • agriculture
  • building and construction
  • commercial property
  • education
  • earthmoving
  • fishing and aquaculture
  • hotels, motels, pubs and clubs
  • import and export
  • manufacturing and engineering
  • mining services
  • newsagents
  • retail
  • transport
  • motor vehicle dealerships and other floorplan dealerships

To get in touch with our business restructuring and recovery consultants, click here.

WPG Resources Ltd - Update on Administration

The administrators convened the second meeting of creditors for WPG Resources Limited on Monday 6 May 2019 ("Second Meeting").

WPG Resources Ltd - Update on Administration

The second meeting of creditors for the WPG Group Companies has been convened by the Voluntary Administrators, Ernst and Young. Meeting will take place on Monday 6 May 2019 1:00PM (Aust Central Standard Time) at Terrace 1, Stamford Plaza, 150 North Terrace, Adelaide SA 5000

Insolvency Reform Edition 19 | Another Hole in the Corporate Veil

A Bill with big consequences for company directors was introduced to the House of Representatives on 13 February 2019. It was quickly referred to the Senate Economics Legislation Committee (“the Committee”) on Valentine’s Day. The Committee is scheduled to report on the Bill on 26 March 2019.

WPG Resources Ltd - Update on Administration

The adjourned second meeting of creditors for the WPG Limited has been re- convened by the Voluntary Administrators, Ernst and Young. 

Time’s up: why you may need to renew your PPSR registration

Happy 7th anniversary to the Personal Property Securities Register (PPSR)!

WPG Resources Ltd - Update on Administration and Receivership

On March 6 2019 WPG Resources Ltd (“WPG”) advised that ASIC had granted WPG relief from its financial reporting obligations for a period concluding on the earliest occurrence of one of the events that were included in that announcement (“Extension Period”).

WPG Resources Ltd - Extension of Time to Hold the 2018 AGM

The Company currently has financial reporting deferral relief until 30 January 2019, being 6-months from the 30 July 2018 date that the Company’s Administration commenced. Click here to more information    

Insolvency Reform Edition 18 | Open Season on the Phoenix

The Government has proposed radical change to combat the estimated $5.13 billion annual cost to the economy of illegal phoenix activity. The draft legislation targets directors and enablers of this activity. An expansion of director penalty regime to include GST is  also proposed.

Australia’s new ipso facto regime is up and running — are you ready?

The newly-introduced ipso facto laws aim to improve the likelihood of a successful restructure by preserving the standing of contracts (and hence goodwill in contracts) after filing for insolvency. We take a closer look at the new reforms which began operation on 1 July 2018.