THE TURNAROUND
Leadership & brand building, case insights, meeting tips, NDIS challenges, and more!
Welcome to another jam-packed edition of the Turnaround!
The second of our ‘Melbourne’ Podcasts features Partners from Hamilton Locke on linking personal and firm brands — an engaging discussion about things that motivate and excite leaders in that practice. There's an analysis on the Keybridge decisions, beside the first of our new “Technical Top Tip” series on meeting conduct, focussed on The Chair.
We also unpick the challenges of the NDIS, with support for providers, beside more general “Pro Bono” tips for NFP and Charity Directors. Our recent experiences with Section444GA and some advertorial on our Safe Harbour work closes this edition.
The Latest from Wexted
The Turnaround Podcast: Sophie Ulhorn & Andrew Vincent - Putting on someone else's brand
How do partners in growing professional services firms strike the balance between firm reputation and personal brand? In this episode, Hamilton Locke’s Sophie Ulhorn and Andrew Vincent share their experiences in building trust, shaping their own professional narratives, and aligning with their firm’s brand to drive sustainable growth.
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THE USE OF SECTION 444GA – THE BENEFITS, THE PROCESS AND THE COSTS
Directors or DOCA proponents considering the transfer of shares from a section 444GA application should be realistic about the cost of the exercise, and budget for at a minimum, $500,000 to $750,000 in costs.
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Spotlight on Government: Working together to deliver the NDIS
In October 2023 there was a review of the NDIS Framework. Since then, there have been reports, sustainability measures, media and a number of failed providers. Wexted believe there will be a fundamental change in the sector and disruption. What is the present landscape, and what are the sustainability objectives for NDIS participants?
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Not for Profits: Insolvent Trading and the Safe Harbour regime
In this article we explore the interplay between the duty to prevent trading an organisation whilst it is insolvent, the protections of the Safe Harbour regime, and Australia’s NFP sector.
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Safe Harbour Pressure Points and Warning Signs
When considering the commencement of a Safe Harbour process, the suspicion of financial distress requires an assessment of the warning signs for insolvency.
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SPOTLIGHT ON LAW: GENERAL MEETINGS AND IMPROPER PURPOSE? THE KEYBRIDGE DECISIONS
The recent ‘Keybridge’ Court Decisions highlight the importance of shareholder meetings being properly conducted, the impact of adjournments, and the independence of Administrators. We look at the issues of substance in those decisions.
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Technical Top Tips | Meetings: Chapter 1 - The Chair
Welcome to the first of Wexted's Technical Top Tip Series! We will be examining specific issues related to the general management of insolvency and restructuring assignments. In our years of experience, we have observed, attended, organised and chaired meetings of all shapes and sizes! Here, we consider key learnings associated with chairing a successful meeting.
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Diversions: Pro bono appointments - risks and considerations
The taking of pro bono appointments in law but also within accounting is increasingly common. While there are plenty of rewards, there is also conflict, confidentiality, insurance and negligence issues that need proper consideration. So, what factors should professionals consider in accepting and undertaking such appointments?
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Small Business Restructuring: A Regime Maturing but Not Without Watchpoints
The Small Business Restructuring (SBR) regime is gaining traction and momentum, as confirmed in the latest review by ASIC Report 810: Review of small business restructuring process 2022–24. Following the tepid uptake in the first 18 months from its inception (as outlined in ASIC’s earlier Report 756), this latest review shows the regime is now playing an important and growing role in assisting distressed small businesses.
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Spotlight on projects: Wexted continue active Safe Harbour presence
Following our ‘Safe Harbour Edition’ of the Turnaround in August, we outline some of recent instances and sectors where we have assisted with the Safe Harbour Defence and detail our role.
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Foreword by Joseph Hayes
Partner