What are the opening hours?

Monday 8:30am - 5pm Tuesday 8:30am - 5pm Wednesday 8:30am - 5pm Thursday 8:30am - 5pm Friday 8:30am - 5pm

Menzies Advisory, 32 Babirra Street, Southport (2026)

Menzies Advisory Liquidators & Receivers are specialists in corporate insolvency, corporate turnarounds and corporate evaluations. We have over 40 years experience and offer professional, compassionate and trusted insolvency, company administration and consulting services. We understand the difficulties associated with external administration and seek to make this time as stress-free as possible for effected stakeholders. We have empathy for your situation.

23/06/2026

To the accountants we work with: a quick guide on when to bring us in.

**Call us when:**

→ A client mentions they can't pay BAS or super, and it's not the first time
→ DPN, statutory demand, or garnishee notice has landed
→ Director loan account is heading the wrong way and ATO debt is climbing
→ Client is considering a "phoenix" or asking how to "start fresh"
→ Cash flow is being held together by GST or PAYG that hasn't been remitted
→ A creditor has issued proceedings
→ You're being asked questions you don't want to answer alone

**You don't lose the client.** We don't compete with accounting work — we work alongside it. A no-obligation conversation is free. If a formal appointment isn't needed, we say so.

The clients who come to us early have options. The ones who come late have fewer. The cost of the early call is zero. The cost of the late one is usually personal liability for the director and a worse outcome all around.

If you've got a client on your mind reading this, that's probably your signal.

Learn more at www.menziesadvisory.com.au or you can call us on 1300 948 593.

19/06/2026

People use these terms interchangeably. They shouldn't.

**Receivership** is a remedy for a secured creditor. The bank (or any party holding a security interest) appoints a receiver to take control of the secured assets, sell them, and apply the proceeds to the secured debt. The receiver works for the secured creditor — not the company, not the unsecured creditors.

**Liquidation** is a collective insolvency process. The liquidator works for all creditors. They take control of the entire company, realise everything, investigate director conduct and voidable transactions, and distribute the proceeds according to the statutory priority regime.

The two can run in parallel. A bank can appoint a receiver while a liquidator is in place — they're doing different jobs.

Why this matters in practice:

→ Receivers have narrower duties and a narrower mandate
→ Liquidators have broader investigative powers (public examinations, recovery actions)
→ Different rules govern when and how assets get sold
→ Directors' rights and obligations differ depending on which is in play

If you're a director or advisor and you're hearing both words used in the same sentence, get clear on who's appointed, by whom, and over what.

Learn more at www.menziesadvisory.com.au or you can call us on 1300 948 593.

16/06/2026

When most people hear "liquidation," they think failure. That's only half the picture.

A **Members' Voluntary Liquidation (MVL)** is a solvent wind-up. The company can pay all its debts in full. The directors have just decided it's time to close, restructure, or distribute retained profits in a tax-effective way.

Common reasons for an MVL:

→ Retirement or sale of the underlying business
→ Group restructure — collapsing a redundant entity
→ Releasing trapped capital and retained earnings to shareholders
→ Estate planning
→ Removing an inactive shell that's costing compliance time

The CGT treatment of capital distributions through a liquidator is materially different (and often better) than dividends. For shareholders sitting on years of retained earnings, this matters.

If you're an advisor with a client carrying a dormant company or sitting on undistributed profits, MVL is worth a five-minute conversation. The structure is straightforward, the cost is modest, and the tax outcome is often the most efficient available.

Learn more at www.menziesadvisory.com.au or you can call us on 1300 948 593.

11/06/2026

Most Voluntary Administrations end in liquidation. The DOCA — the tool literally designed to save the business — is underused.

A Deed of Company Arrangement is a binding agreement between the company and its creditors that varies how the debts get dealt with. It can:

→ Compromise debt to cents in the dollar
→ Allow the business to keep trading
→ Bring in new investment or a buyer
→ Quarantine pre-administration liabilities so the business can move forward
→ Preserve jobs, contracts, licences, and goodwill that would evaporate in liquidation

Why don't more VAs end in a DOCA?

Usually one of three reasons: the proposal wasn't credible, the director left it too late and there was nothing left to save, or no one did the structuring work to make a DOCA viable.

The first two are usually fatal by the time the VA starts. The third is fixable — but only if it's on the table from day one.

If a VA is on the cards, the question to ask isn't "what's the process?" It's "what's the realistic restructuring outcome, and what do we need to do now to make it possible?"

Learn more at www.menziesadvisory.com.au or you can call us on 1300 948 593.

09/06/2026

To the accountants and bookkeepers reading this: you usually see it before anyone else.

Five signs the company in front of you is heading toward insolvency:

1. **ATO arrears creeping up**, especially unpaid SGC and unlodged BAS
2. **Director loan accounts growing** while the company starves
3. **Aged payables stretched past 90 days**, with the same suppliers being shuffled
4. **Bank balance running on fumes** at the same point every month
5. **Director asking about "what would happen if…"** — that question is rarely hypothetical

By the time any of these are obvious, the runway for restructuring tools is shortening fast. SBR has eligibility thresholds. Safe harbour requires lodgements to be current. DPN exposure compounds every month of inaction.

The earlier the conversation, the more options exist.

A 30-minute confidential chat with an insolvency practitioner costs nothing and often changes the trajectory. We'd much rather help you help your client at this stage than at the next one.

Learn more at www.menziesadvisory.com.au or you can call us on 1300 948 593.

Address

32 Babirra Street
Southport, QLD
4212

Opening Hours

Monday	8:30am - 5pm
Tuesday	8:30am - 5pm
Wednesday	8:30am - 5pm
Thursday	8:30am - 5pm
Friday	8:30am - 5pm

Website

http://www.menziesadvisory.com.au/

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