ANZ freezes PPB partnership facility

With the dissolving of the PPB Advisory (PPBA) partnership imminent, ANZ is rumoured to have frozen draw downs on the PPBA partnership’s loan facility, insisting it be repaid as the August 1 deadline for the completion of PwC’s acquisition of the firm approaches. Several sources who spoke to INO confirmed hearing reports that the bank was refusing requests for further borrowing. One source said ANZ was…

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ASIC’s liquidator’s lodgement blitz uncovers not much

Well the results of ASIC’s published notices website and lodgement project’ have been collated and it appears that the vast majority of Australia’s 700 or so registered liquidators scarcely miss a beat when it comes to compliance. In ASIC works to ensure registered liquidators comply with obligations ASIC said the key finding was that: “Registered liquidators are mostly doing the right thing and lodging forms…