A not so simple fix for franchise insolvency?
The financial collapse of a franchisor can have a severe impact on its franchisees but a “simple fix” proposed to address that impact may not be simple at all. Those academics and policy makers concerned about the business model of franchises, and its lack of legal protection in such cases, often seek to offer protection […]
Disclosure of business tax debts to credit agencies
Law allowing the Australian Taxation Office (ATO) to disclose tax debt information of businesses – corporate and personal, over AU$100,ooo in debt – to registered credit reporting bureaus (CRBs) commenced on 21 February 2020.[1] There is already a similar scheme in New Zealand, with a threshold of NZ$150,000. According to the Australian Explanatory Memorandum ‘this […]
