Startups and Safe Harbour Protection for Directors Concerns over inadvertent breaches of insolvent trading laws are frequently cited as a…
The SME market has had it very tough in Australia – smaller and family businesses have struggled to avoid failure…
Financial Literacy All directors must have some financial literacy in order to fulfil their duties and responsibilities to the company. This…
Twilight Zone When a company is under performing financially, directors might: do nothing or procrastinate; decide to resign or jump…
The laws are changing to allow directors to attempt a turnaround or restructure outside of a formal insolvency regime –…
Support for the carve-out model – Safe Harbour The Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill (“the Bill”)…
Voluntary Administration – Directors lose control The public and the media do not differentiate between liquidation and voluntary administration. Australia’s…
Technological Advancements and Economic Growth The breadth of technological change and digital disruption has changed businesses approach to managing insolvency…
SafeHarbour for directors from insolvent trading – effective 19 September after royal assent the day prior. On 11 September 2017, the Treasury Laws Amendment (2017…