Apparently, according to Alan Kohler, the Corporations Law in Australia was amended
by the Federal Government at the beginning of the pandemic to allow corporations
who were insolvent to continue trading until September, 2020.
Ill repeat that...
The Government has allowed Corporations to continue trading WHILST INSOLVENT....
That means that if you contract with a Corporation you obviously dont know the state
of their solvency as of the date of your contract.
The corporation with whom you have contracted could already be INSOLVENT...
What happens when this corporation declares its insolvency after September.
Youre fucked...
As a consumer, you have no protection whatsoever if the corporation cannot fulfil
the contract....
What right has this incompetent government got to allow corporations to continue
to trade whilst insolvent, and continue to accept contracts from clients.
This is fkn madness...
This is incompetence at its worst.....
Once a corporation declares insolvency, they cannot accept further contracts..
Under this incompetent legislation, THEY CAN....
Good luck if youve entered into a contract and paid tens of thousands of dollars
for work to be done....
Hopefully your contract will be honoured...
BUT then again, if you allow the inmates to run the asylum...
WHAT do you get...
One big fuckup.....
