The Australian Government recently announced a package of proposed reforms to combat illegal phoenix activity. The proposals aim to target those repeatedly misusing corporate structures and the individual’s involved in illegal phoenixing.
In this session, Michael Criss from Equifax will outline the proposed reforms and explain in simple terms what they mean. He will also discuss the differences between legitimate and illegal phoenix activity and the importance of understanding the credit risk posed by directors of a new business which has been created by directors of a failing or failed company.
Michael is the Senior Product Manager for commercial organisations at Equifax, helping clients understand the changing market and how best to leverage both existing and new capabilities to gain a competitive edge.