HARMFUL PHOENIX ACTIVITY AND DISQUALIFICATION FROM MANAGING CORPORATIONS: AN UNENFORCEABLE REGIME?
Jasper Hedges et al.
Company and Securities Law Journal2018article
ABDC A
Weight
0.26
Abstract
Harmful phoenix activity is estimated to cost the Australian economy billions of dollars per year in losses to creditors, employees and taxation authorities and it appears to be increasingly prevalent. On 12 September 2017 the Minister for Revenue and Financial Services announced a package of proposed reforms to address illegal phoenix activity, stating that “[t]he Turnbull Government is committed to ensuring individuals who engage in illegal phoenixing activity are held to account and that the regulators are equipped to take stronger action to both deter and penalise phoenixing activity for the benefit of all Australians”.
Evidence weight
0.26
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
F · citation impact
0.00 × 0.4 = 0.00
M · momentum
0.20 × 0.15 = 0.03
V · venue signal
0.50 × 0.05 = 0.03
R · text relevance †
0.50 × 0.4 = 0.20
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.