Day: December 8, 2015

Editorial – Turnbull Encourages Business Fraud

As part of Turnbull’s $1.1 billion ‘everyone put your thinking hats on’ plan, the bankruptcy period will be reduced from three years to one year.

The bankruptcy system is already a government created fantasy which allows people to recklessly stink at business (or swindle other people’s money), hide the loot, take a bankruptcy breather for three years while the ‘official’ assets are handed out at cents in the dollar – and then get straight back on the horse again like nothing ever happened (or simply retire to Mallorca, take your pick).

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