The Directors Safe Harbour can be useful for entrepreneurs as it can help embrace risk and encourage innovation. It is…
Startups and Safe Harbour Protection for Directors Concerns over inadvertent breaches of insolvent trading laws are frequently cited as a…
Illegal Phoenix Activity Treasurer Scott Morrison says he wants to make sure small businesses avoid falling foul to phoenix activity…
UK Turnaround – Safe Harbour: Could Australia’s new insolvency legislation be a model for the UK? UK turnaround is a…
Ipso Facto Clause Stay – ’24 days left to have your say’ The Treasury Laws Amendment (2017 Enterprise Incentives No.…
Stage 2 of the Governments two staged legislative reform roll out becomes effective on 1 July 2018 with a stay…
The SME market has had it very tough in Australia – smaller and family businesses have struggled to avoid failure…
Bridge Builder is a poem written by Will Allen Dromgoole. It was possibly first published in 1900 in a rare book entitled ‘A…
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 –…
Snippets from the TMA (Turnaround Management Association) December Newsletter – 2017 Year in Review The highlight for 2017 and a…
When did you sign to agree to be personally liable for your company’s tax debt? It’s a rhetorical question –…
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…