#BusinessEthics #CompanyLiquidation #ASIC #CreativeIndustry #EthicalBusinessPractices
Hey everyone, have you ever had experience with a company that was liquidated but still seems to be trading? 🤔 I recently came across a situation where a company I freelanced for in the past got liquidated, but the person behind it is still operating under a different guise. It’s frustrating to see someone get away with unethical practices for so long, especially in a creative industry.
Here are some thoughts on what you could do in this kind of situation:
– Check the ASIC (Australian Securities and Investments Commission) website for information on reporting such activities 💼
– Reach out to relevant industry associations or bodies that may be able to take action 🌐
– Consider speaking out on social media or platforms where others in the industry can be made aware of the situation 📢
Let’s help each other navigate these tricky waters and ensure that ethical business practices are upheld in our industry. Have you encountered similar situations before? Share your thoughts and ideas! #EthicalBusiness #IndustryIntegrity
Trading while insolvent is definitely breaking the law
I have a feeling I know who this may be
ASQA are the authority if he is running a registered training organisation.
Report him to ASIC, they’ll investigate and take action if needed.
Likely sold/transferred. I would say it’s a Phoenix. The difference between a “legal” and “illegal” Phoenix as it currently stands is whether market value was paid for the sale.
If you want to know, contact the liquidator with the claim and ask for all reports to creditors. Or you can pay for the Form 5601 from the ASIC Connect website. The report will tell you if the liquidator is aware of the sale and the circumstances of such.