UK Turnaround – Safe Harbour: Could Australia’s new insolvency legislation be a model for the UK? UK turnaround is a…
Australia is Adopting a Rescue Culture Australia has seen significant and long overdue positive legislative changes in 2017 and 2018…
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…
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…
Technological Advancements and Economic Growth The breadth of technological change and digital disruption has changed businesses approach to managing insolvency…
Who would want to be a director? The Business Judgement Rule is poorly understood and underutilised. Being a ‘director’ is…
SafeHarbour for directors from insolvent trading – effective 19 September after royal assent the day prior. On 11 September 2017, the Treasury Laws Amendment (2017…