"BiziNet Magazine #107 - Apr/May 2021" BiziNet™ Articles

The COVID-19 pandemic is the major cataclysm of our time. Global events of such scale bring on world-wide ramifications and inevitably end up changing the course of history. One could argue that the last time humanity faced a global crisis that created such a level of uncertainty was 80 years ago - and while we are not technically in a world war (although some kind of "vaccine wars" may have already started with a few nations starting to show their teeth...), the current situation does have some parallels.

On 15th December 2020 Daniel Soire and myself were appointed Provisional Liquidators of Maliver Pty Ltd and Receivers to the property of Melissa Caddick by the Federal Court of Australia pursuant to an application by ASIC. The Caddick case continues to attract significant interest, particularly given the recent announcement by NSW Police that they have found certain body parts of Ms Caddick on the NSW South Coast. The cause of her death has not as yet been determined. Relevantly, it also an important reminder of the continuing existence of "Ponzi Schemes".

Business owners and start-ups: technology is the 'great enabler', it's true. But make sure you enable it to increase profit, not lower your prices!

Technology is wonderful for business, make no mistake. It helps you deliver a more efficient, consistent and effective outcome.

Australians have developed a massive appetite for online buying. Many people only occasionally hit the shops these days. Instead, they much prefer the ease, precision and solitude of online purchasing. This trend has flourished even more since COVID-19 stamped its will on our lives.

In early 2020 property markets, in many areas around Australia, were on the rise again but in March, COVID 19 bought them and the whole world, to a screeching halt.

As the market pulled back I begged anyone who'd listen to me to buy their much wanted properties. But alas, most buyers felt the market would further decrease and therefore missed out on many golden opportunities.