RSM Australia

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 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 Restructuring & Recovery team staff 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

Our Restructuring and Recovtery team focuses on those industries in which we specialise, concentrating on applying what we already know to financial problems in industries we understand.

  • 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 dealership

WPG Resources Ltd - Update on Administration

Following an application made to the Court, the Voluntary Administrators have been granted a further extension of time for the convening of the second creditors meeting until 29 April 2019.

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.

Insolvency Reform Edition 17 | The Sequel 10 Years in the Making: Protecting Employee Entitlements - July 2018

This article discusses proposed reforms to strengthen the protection of employee entitlements and asks if the proposed reforms will make it through Parliament in their current form. VIEW THE PAST EDITIONS OF INSOLVENCY REFORM >>

Oppressive behaviour as a director will bite you in the wallet

The exercise of directors’ powers came under close scrutiny in the recent decision In the matter of Optimisation Australia Pty Ltd [2018] NSWSC 31, and the directors lost out against a minority shareholder who

Insolvency Reform Edition 16 | Is it time?

This article discuesses whether it is time for Insolvency Practice Standards contained in the ARITA Code, to be given the force of law. VIEW THE PAST EDITIONS OF INSOLVENCY REFORM >>

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