Surviving the Rollercoaster: What Retailing Businesses Need to Do in 2023?

Andrew Blundell

Australia’s retail industry is facing a very uncertain 2023 as the impact of higher interest rates, inflation, supply chain issues and cost of living pressures are likely to see consumers reduce their spending particularly on discretionary items.

Download ‘Consumer Goods Retailing in Australia’

Australia’s retail industry is facing a very uncertain 2023 as the impact of higher interest rates, inflation, supply chain issues and cost of living pressures are likely to see consumers reduce their spending particularly on discretionary items. The implications of a rocky retailing sector are significant given consumer goods retailing is a significant contributor to the country’s economy, generating approximately 4.1% of GDP and employing over 1.2 million people.

To understand the forces at play, Cathro & Partners has taken a deep dive into the consumer goods market in Australia in its webinar, “Consumer Goods Retailing in Australia”.

Insights into creditor activism with Anna Taylor, Principal at Results Legal

In this episode of The Cut, host Andrew Blundell, Principal at Cathro & Partners, is joined by Anna Taylor, Principal at Results Legal, to discuss various aspects of insolvency, debt recovery, and trade credit. Key Takeaways: This episode provides valuable insights for insolvency practitioners, creditors, and businesses on effectively navigating

Director Penalty Notices – Expect to see a pick-up in personal insolvencies during FY25

Back in November 2023, I wrote an article about the Australian Taxation Office (“ATO”) outstanding lodgement amnesty program finishing up in December 2023. Since then, the ATO has returned to normal pre COVID collection procedures. In seeking to encourage compliance, the ATO has also issued large numbers of Director Penalty

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On 4 July 2024, Downes J of the Federal Court of Australia provided a decision in favour of the ATO that contradicts how Bankruptcy Trustees have traditionally treated Capital Gains Tax (CGT) prior to June 2021 in Robson as trustee for the bankrupt estate of Lanning v Commissioner of Taxation