THE TURNAROUND
Wallaby Phil Kearns speaks in our first Podcast...
A very warm welcome to the second edition of The Turnaround. In this month's issue, we grapple with the Reform Agenda, SBRs, Suspicion, Safe Harbour Symptoms and Sales! We are also delighted to launch The Turnaround Video Podcast series with an exclusive interview from wallaby legend Phil Kearns about his role in the Rugby World Cup 2027 bid. Enjoy!
Christmas talks about the birth of ‘the Hero’: ‘the Logos’ or ‘the Word’ — the world needs heroes… but heroism isn’t necessarily about conversion, or religion, or being born in the spirit, or anything like that...it’s about extracting happiness from despair. Getting control from chaos.
At Wexted we try and turn uncertainty into success for our clients! Getting on with it, presenting well. Having a plan, doing something kind and showing respect. Success is a long trek and we make sure not to underestimate it. It's hard, but joyous. We try to do the routine things well, celebrate our successes with grace, and learn from each client and job.
We wish you all a happy and safe Christmas with your loved ones.
From the Wexted team
The Latest from Wexted
The Turnaround Podcast: The Rugby World Cup with Phil Kearns
In a Wexted exclusive, Australian Rugby legend Phil Kearns talks to Joe Hayes about Australia's successful Rugby World Cup bid and the impact RWC 2027 is set to have on the sport and the Australian economy.
Read the article
Spotlight on sales
What should Receivers and VA’s commercially consider when structuring sale processes, to both meet the requirements of the law and get timely, valuable and risk-free outcomes?
Read the article
Spotlight on Safe Harbour - Leap of faith
There have been concerns with the subjective nature of the use of the words “a person starts to suspect” insolvency to enliven the Safe Harbour test, what is being done to clarify the concept of “Suspicion of insolvency’ in Section 588GA?
Read the article
Spotlight on Small Business Restructuring
SBR Specialist Jessie Wang provides an update on ASIC's latest Restructuring Plan Template and the impact it could have...
Read the article
Spotlight on Reform
The Parliamentary Joint Committee on Corporations and Financial Services released its report into Corporate Insolvency in July 2023, more than year ago, signaling a comprehensive review of the Corporate Insolvency Regime was needed. What has happened since? Is it ‘an impenetrable quagmire’ as suggested in the Safe Harbour Panel Review?
Read the article
Diversions: I’ve had it for ages doctor but its started changing colour!
When analysing business collapse, we look in hindsight. In doing so, we often confuse the causes of insolvency and failure in a business, with the symptoms we should see that predict that event. Causes are generally controllable, or preventable, symptoms are not, but they are identifiable, and does early identification mean early treatment?
Read the article
Spotlight on new staff at Wexted
We're delighted to have several new starters joining us — welcome Nisha, Erin and Calvin to the Wexted family! The Wexted team keeps growing...
Read the article
Diversions: Rugby
Wallaby Legend and Wexted Advisor Simon Poidevin played 59 Tests for Australia, captaining his country four times. He is a feature writer for the AFR, and as a Grand Slam winner in 1984, is uniquely placed comment on the 2024 Spring Tour and the Wallaby ambitions to repeat the triumph of the 1984 Grand Slam team.
Read the articlePublished December 2024
