THE TURNAROUND
Social License in focus, VA case update, SBR insights, leadership & more
Welcome to the sixth edition of the Turnaround! I ran into an old colleague in Melbourne the other day who said to me “we are back in fashion”. I am not sure Wexted Advisors were ever out of fashion...but there has sure been a step up in enquiry across the board, as a result of macroeconomic, policy and sector factors really beginning to bite now.
Tim L’Estrange is completely on trend in a great Podcast about The Social License to operate in Restructuring, while Chris Sequeira tries to keep up on a rival Podcast. We also provide a case update on Judicial Advice to VA’s, the evolving story for SBR’s, a Diversion on Transformative Leadership, and a profile of the breadth and scope of Wexted work this year.
We want to stay relevant with our material so contact us here with any feedback, issues you would like us to cover or Podcast subject and talent enquiries.
The Latest from Wexted
The Turnaround Podcast: Tim L'Estrange, The Social License and the power of an orange
In this episode of The Turnaround, Wexted’s Joe Hayes sits down with Tim L’Estrange, one of Australia’s most respected arbitrators and mediators, for a wide-ranging conversation on the evolving nature of The Social License. From the accelerating influence of AI to the shifting expectations of consumers and stakeholders, Tim shares insights on how businesses must adapt — or risk falling behind. They duo unpack the continued power of mediation, for dispute and insolvency, and why, sometimes, all you need is an orange.
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SPOTLIGHT ON LAW – COURT PROVIDES ASSISTANCE WITH ADMINISTRATION QUESTIONS
Speedbump ahead: In a recent Queensland Case, the Court turned its attention to the terms of a Voluntary Administration funding deed, along with Committee of Inspection formation and representation, showing how the Court can assist in ensuring there is flexibility in difficult, multi stakeholder situations. There are clear and positive messages for Administrators:
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ATO changes stance on Small Business Restructuring
The Australian Tax Office has hardened its stance on debt recovery actions, issuing guidance in April 2025 about aspects of the SBR Regime that focus on compliance, related parties and public interest. This attention has implications for SBR Practitioners and clients, as Jessie Wang explains:
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Spotlight on Staff: Chris Sequeira, Podcast Legend
Wexted Melbourne Partner Chris Sequeira features on 'Accountant’s Daily' Podcast ‘Under the Hood’. Australian businesses are being challenged in the current market and Chris shares his perspective on what can be expected, the changing nature and preference for different types of formal insolvency appointments, current challenges across key sectors, the ATO’s debt collection activities, and key warning indicators to help identify financial distress (insolvency).
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DO WE NEED GREAT LEADERS TO ACHIEVE TRANSFORMATIONAL CHANGE?
We have a new Government, but do we have the leadership to achieve long and lasting change? Measuring and reporting on change – as a consultant and advisor – that’s easy. Some businesses have reams of reports on strategy and change but implement none of them. I have seen businesses with multiple different governance and strategy reports and... considering more. But how do you go about making real change from inside a business? This is a question that in 2025 we will get asked more and more!
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SPOTLIGHT ON PROJECTS: BREADTH OF CAPABILITY AND EXPERIENCE
Wexted Advisors is a national restructuring practice, and our wonderful people have worked on a range of interesting matters, in different sectors demonstrating our broad capability and coverage. See some of our recent appointments here:
Read the articlePublished June 2025
Foreword by Joseph Hayes
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