Australia: Financial Restructuring

The Australian Securities and Investments Commission has released its first comprehensive review of voluntary administration and deed of company arrangement outcomes, analyzing over 5,000 companies from 2021 to 2025. The report reveals critical insights into when these restructuring processes are most effective, showing that larger companies with liabilities exceeding $10 million have significantly higher success rates, while smaller companies may benefit from alternative insolvency pathways.

Former insolvency lawyer Matthew Kelly joins Simon Cathro to reveal why thousands of Australian business owners unknowingly leave their personal investments unprotected when lending money to their own companies. They explore how proper documentation of director loans and PPSR registrations can dramatically improve restructuring options and provide greater control during financial distress.

The NSW Supreme Court has rejected a liquidator's attempt to disclaim a royalty deed in the Tahmoor Coal case, establishing important precedents for how negative covenants in royalty arrangements can bind companies in liquidation.

Australia's 2026-27 Budget delivers the most significant tax reform in 25 years, fundamentally reshaping property investment incentives through negative gearing restrictions and capital gains tax changes while navigating a global oil crisis pushing inflation toward 5%.

When you’re under pressure, making the first call can feel like stepping into the unknown. People often worry they’ll be judged, rushed, or pushed into a one‑size‑fits‑all solution.

Financial disruption from Middle East conflict has flowed through Australian and global markets for over seven weeks, primarily affecting fuel pricing and supply chains. Analysis of live insolvency data from the Cathro Clarity platform reveals appointment trends, industry-specific pressures, and potential lag effects that may signal delayed economic impacts in coming periods.

When a company goes into liquidation, the appointed liquidator effectively steps into the shoes of the directors and assumes control of all company records.

Voluntary administration is governed by Part 5.3A of the Corporations Act 2001.

The small business restructuring (SBR) process allows a company to compromise its debts through a restructuring plan.