Experts say company boards may place their businesses into voluntary administration earlier than expected, after ASIC declared it will ramp up investigations of businesses that are at risk of trading while insolvent.
Experts say company boards may place their businesses into voluntary administration earlier than expected, after ASIC declared it will ramp up investigations of businesses that are at risk of trading while insolvent.
New Australian Securities and Investments Commission chief Michael Dwyer says the regulator will try to step up efforts to make sure company directors will take necessary action to prevent companies trading while insolvent.
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