Directors' Liability for Fraudulent Phoenix Activity—A Comparison of the Australian and UK Approaches-Reference-Cited by-同舟云学术

Directors' Liability for Fraudulent Phoenix Activity—A Comparison of the Australian and UK Approaches

Published:2014-04-10 Issue:1 Volume:14 Page:139-173
ISSN:1473-5970
Container-title:Journal of Corporate Law Studies
language:en
Short-container-title:Journal of Corporate Law Studies

Author:

Anderson Helen¹

Affiliation:

1. Melbourne Law School, University of Melbourne; Adjunct Associate Professor, Department of Business Law and Taxation, Monash University.

Publisher

Informa UK Limited

Subject

Law

Link

https://www.tandfonline.com/doi/pdf/10.5235/14735970.14.1.139

Reference205 articles.

1. Note the neutral use of the expression “phoenix firms” in the “FSA factsheet for Authorised Firms: Phoenix Firms” SFDFS108 8/12.

2. In November 2012, the Australian Parliament passed the Fair Entitlements Guarantee Act 2012 (Aust) (FEG Act). For liquidations occurring after 5 December 2012, the Fair Entitlements Guarantee (FEG) replaced the General Employee Entitlement and Redundancy Scheme (GEERS), a scheme of executive government, with one enshrined in legislation. Between 2000 and mid-2012, GEERS and its predecessor, the Employee Entitlements Redundancy Scheme (EESS), paid $1,040,373,956.

3. 2009 Phoenix Proposals Paper (n 3).

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