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Contacts

167 Flinders St, Adelaide 5000

info@bbrf.com.au

08 8485 1950

Black-box-clarity-from-complexity

Inquiries and General [Advice]

There is no cost for inquiries about our services or for general advice to assist you to determine whether to engage our firm.   

Fee Structure

Generally speaking, our fees are determined on a time-basis according to the schedule of hourly rates below (shown inclusive of GST):

 

TitleDescriptionHourly rate
Appointee/DirectorThe person responsible for the overall conduct of a file.$352
ManagerSenior leadership position performed by a suitably experienced professional with full membership to ARITA and at least one Australian professional accounting body. Has the knowledge, skills and experience required to lead a team and administer files with minimal supervision by the Appointee.$297
Assistant ManagerLeadership position for a professional who has the skills, knowledge and experience required to administer most aspects of a file under the guidance of a Manager or Appointee.  Demonstrated ability to lead a team and has full membership to at least one professional accounting body.  Will have completed or be in the process of completing the advanced insolvency certification course delivered by ARITA.  $253
Senior AnalystIntermediate position for a professional with a solid grounding in the technical aspects of insolvency, sound decision-making skills and demonstrated ability to apply other key concepts and principles.  Will have the knowledge and experience to take the initiative and work with limited supervision on many of the less-complex aspects of a file.  May be undertaking further education with an Australian professional accounting body or ARITA.$198
AnalystEntry level position for a suitably qualified professional or student with limited experience.  They may be engaged broadly across all aspects of a file with appropriate supervision and direction. $165
SupportIndividual with responsibility for providing clerical and administrative support.$105

Although the schedule of rates is structured according to a hierarchy of skills and experience, it is applied flexibly such so that the rate charged for a particular task will always be matched to the complexity of the work involved, not just the experience or title of the person performing the work.

 

Disbursements

Out-of-pocket expenses are recovered at cost.  Examples include postage, search fees and the cost of external professional services, such as valuer’s charges and legal fees.  

We do not charge for general practice overheads or otherwise seek to earn a profit on disbursements.

Method of [Payment]

The basis on which we are paid depends primarily on whether we are engaged under the Corporations Act or some other legislative process (“Statutory Appointment”) or are involved in a direct client engagement, such as a forensic investigation or expert witness service (“Direct Client Engagement”).  

A Direct Client Engagement is a conventional professional services engagement, such as an expert witness assignment, in which the client pays on invoice or as otherwise agreed.  

The process in a Statutory Appointment is more complex and varies depending on the type of appointment.  In a liquidation of an insolvent company or a voluntary administration, which are the most common types of appointment, the default position is that we draw our fees from whatever we recover from the company’s assets or other available sources.   Those fees must first go through a formal process of approval, usually by the company’s creditors, and be reported to the Australian Securities and Investments Commission.  Any shortfall is written-off.