Administrators appointed despite invalid directors meeting
8 May 2026 |
Nell McGill
Partner
In the matter of Ulan Quarry Products Pty Ltd (in administration), an urgent application was made to the Supreme Court of NSW by the voluntary administrators to clarify their appointment after being put on notice that a director believed their appointment was invalid.
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The outcome of this matter serves as a warning for administrators to ensure they verify that there is a valid basis for their appointment under s 436C of the Corporations Act.
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This article updates our article of February 2023 in the matter of Copeland v Murace.
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The ATO's tool of choice to collect debts owed by small businesses and self-employed Australians is the issue of Director Penalty Notices.
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The Attorney-General this week announced a suite of measures as calls have become louder for further reform.
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In this decision, the Court accepted an application to extend the Administrators decision-making period under s 443B of the Corporations Act.
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We discuss the warning signs of financial distress or insolvency to look out for and the steps you can take to insulate your business from the impacts.
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