+1-415-670-9189
info@expertsmind.com
Discuss the extent of phoenixing activity
Course:- Business Law and Ethics
Reference No.:- EM13235




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Business Law and Ethics

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals. In August last year, the "Corporations Amendment (Phoenixing and Other Measures) Bill 2012 was passed to give ASIC greater powers and to protect workers entitlements.

Tasks:

1. Provide some background on the issues relating to phoenix companies in Australia:

a. Describe Phoenix Activity

b. Explain the extent of phoenixing activity in Australia and the cost to industry

c. Industries in which phoenixing activity is most prevalent

2. Illustrate the key measures contained in the "Corporations Amendment (Phoenixing and Other Measures) Bill and how regulators such as the ASIC, The Fair Work Ombudsman and ATO seek to protect the community from phoenixing activity

3. How is the Government response to phoenixing activity being coordinated and what measures have been put in place to support workers who are owed certain employee entitlements after losing their job because their employer went bankrupt or into liquidation.

4. General Presentation and Structure.




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Business Law and Ethics) Materials
Summarize the steps of shepardizing a case in print form that you would argue are the most essential. From the e-Activity, discuss whether shepardizing is easier as a result
Do you think this is a legitimate use of law enforcement resources or a waste of time because of the problem is too prevalent? Take a stance supporting either side. Write a
Compare the labor-management relations between the United States, Canada, and Australia. Identify three major differences between each and provide your opinion on the effect
Describe the effect that obesity (childhood and / or adult) has had on you personally or your community. Select one (1) contributing factor to childhood or adult obesity. Rec
BULAW1503 - Identify the legal issues arising in agency from this scenario. Where relevant you should justify and support your answers with reference to statute and/or case
Are the warning signs and symptoms the same for all psychoactive drugs? Explain. At what point should action be taken when drug abuse and addiction warning signs are present?
Students will conduct research to identify and brief a civil tort case. The identified case must involve a private sector security issue (e.g., no cases in which the sole de
State the law of diminishing marginal returns. How is it illustrated by the data in the table of the preceding question? There is a proviso to this law that certain things be