THE TURNAROUND
Industry insights, new world order, updates on FEG, SBR and more
Welcome to the fourth edition of the Turnaround, Wexted’s newsletter, podcast and webinar series!
In this edition, we share two new podcasts: More from our new leaders as Rebecca, Chris and Chris cover the latest industry insights; and (just in time for the election hype) a discussion on Australia’s place in the new world order with author Andrew Low. We also have updates on FEG, SBR’s Case Commentary, and some topical Diversions!
Please do enjoy and contact us here with any feedback or issues you would like us to cover.
The Latest from Wexted
The Turnaround Podcast: New Leaders on Corporate Insolvency
In this episode of The Turnaround Podcast, Wexted's new leaders Chris Sequeira, Rebecca Wilson, and Chris Johnson discuss the evolving landscape of corporate insolvency, and the unique challenges businesses face in their respective regions of Queensland, New South Wales, and Victoria.
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Addressing Corporate Misuse of the FEG Scheme – Perspectives
The Australian Government’s Department of Employment and Workplace Relations (DEWR) has released a discussion paper titled "Addressing Corporate Misuse of the Fair Entitlements Guarantee", which explores reforms to curb the misuse of the FEG scheme. In this article, Wexted takes a closer into the nature of such abuses and applaud efforts to improve the scheme.
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The Turnaround Podcast: People With Vision Should See a Doctor!
In this edition of the Turnaround Podcast, we speak to Former Investment Banker and Social Commentator Andrew Low about his new book “We should be so Lucky”. Andrew promotes the proposition that the Australian Way and our success is not a matter of luck, but derives from a blend of political, social and economic institutions and values unique to our way of life.
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SPOTLIGHT ON LAW: CASE COMMENTARY ACCEPTING AN APPOINTMENT AS ADMINISTRATOR
Is the appointment for a proper purpose: In a recent Federal Court Case Patel v Pleash, decided on 14 February 2025, the Court considered the diligence an Administrator must exercise prior to accepting an appointment under Section 436C of the Corporations Act. We review the case and decision.
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Small Business Restructuring – all you need to know
Small Business Restructuring (SBR) is becoming more and more popular since its introduction in January 2021. Jessie Wang has answered some frequently asked questions in relation to SBR’s…
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Diversions: I see nothing, I know nothing!! The internal causes of business failure
The causes of failure in an organisation are complex typically broken into internal and external factors. Today, we look at the internal factors that (although complex in practice) are relatively simple to identify and rationalise. Management cannot be in denial about the true causes of failure...
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Insolvency trends, updated ASIC guidance and the Small Business Restructuring Regime: What Directors Need to Know
Australia's insolvency landscape has undergone significant changes in recent years, marked by pandemic-driven reforms and significant economic challenges. This article examines current insolvency trends and evaluates the effectiveness of the Small Business Restructuring (SBR) regime introduced in 2021. It also covers important updates to Australian Securities Investments Commission (ASIC) guidance.
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Diversions: He's just a dreadful goalhanger! Understanding the causes of business failure
In the game of lift, he's just a dreadful goalhanger! Understanding the causes of business failure — are they simple or complex?
Read the articlePublished March 2025
