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Federal Government to Adopt Us-Style Insolvency Rules to Help with Expected Wave of Business Closures

The Federal Government has announced it will overhaul insolvency rules, adopting an American-style model to help small businesses struggling because of the coronavirus pandemic to either restructure or fold. The new system is two-tiered. Large companies will work under existing insolvency rules, while business with liabilities of less than $1 million will have access to …

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Australian banks will defer loan repayments for small businesses affected by COVID-19 for six months.

It follows a $17.6B stimulus package set to boost construction businesses.  The roads sector has already begun to respond to the urgent need to the government to stimulate the economy, with AAPA calling for a package to address the transport infrastructure maintenance backlog. Following its $17.6 billion package, the Federal Government is putting together a second stimulus package. …

Australian banks will defer loan repayments for small businesses affected by COVID-19 for six months. Read More »

The benefits of working from home during the coronavirus pandemic…

Normally Sydney siders commute up to 4hrs each day to get to and from work due to traffic caused by slow inconsiderate drivers or your typical accident / breakdown. The infrastructure in Australia is about 60 years behind any other third world country, with narrow lanes, not enough lanes, over regulation, a smorgasbord of signs …

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Earthworks in Sydney has begun for the new airport…

Major earthworks have commenced on one of Australia’s biggest earthmoving tasks to date. Construction on the new Western Sydney Airport site has moved ahead after CPB Contractors and joint venture partner Lendlease engineering were awarded the $644 million major earthworks contract back in September 2019. A further $5.3 billion will be invested by the Australian government in …

Earthworks in Sydney has begun for the new airport… Read More »