Federation University: Analysis of Black Economy and Phoenixing

This report provides a detailed analysis of the black economy and phoenixing, focusing on the Australian context. It begins with an overview of the Black Economy Taskforce Final Report, defining the black economy and phoenixing, and their various manifestations. The report examines the economic impacts of phoenixing, citing the estimated costs to the Australian economy and the industries most affected. It then delves into the regulatory challenges, including the difficulty in distinguishing between legal and illegal phoenixing, and discusses the relevant provisions under the Corporations Act 2001. The report proposes potential amendments to the Act to address loopholes and strengthen regulations. Finally, it identifies early warning signs that regulators can use to detect phoenixing activities. The report concludes by highlighting the importance of addressing these issues to protect the economy and stakeholders.