When a company’s sole director and shareholder dies or loses capacity, it can leave the company unable to operate. Broader consequences arise if the company is the trustee of a trust, such as an inability to distribute income to beneficiaries.
In a recent Federal Court decision, the Receivers of Zhong Ao Zhi Hong Investment Holding Pty Ltd obtained judicial confirmation of their approach to distributing surplus funds following the sale of the company’s sole asset.
In a controversial decision, the Full Bench of the Fair Work Commission (FWC) has overruled an employer decision to reject an employee request for a flexible working arrangement and ordered that the employer implement the employee’s request for a flexible work arrangement
