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




Assignment Help
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
EzylendLtd is a finance company that provides home loans to the public. Traditionally, the volume of business has varied according to the different seasons in the year. Based
We add demands of private goods horizontally but add the demands of public goods vertically when determining the associated marginal benefit to society.- why the procedures
Write an essay in which you set out what you believe Officer Paulson would say to Judy. Choose 5 definitions, examples and/or explanations from Dr. King's letter to support
Specify at least one (1) way that a company with which you are familiar can use (or has used) social responsibility as a competitive strategy in the marketing of its product
What are some legal concepts you will need to know to understand your rights? You want to do something, but are not sure what. Then, you remember your business law textbook.
"Marilyn fell while walking outside of her doctor's office. She fell because the sidewalk was uneven. Marilyn sustained substantial injures from the fall. To recover her fees,
What are the key differences between the 4 identified types of research theories above? Is any one type of theory more valid than the others? Why or why not? What are the diff
Should the states take a more active role in emergency management at the local level? Do you feel there is anything that the states could do to improve local capacities wit