Safe Harbour Revisited: How the Reforms are Working in Practice

Wed 26 Feb 2020
7.30am to 9.00am

(Arrival time: 7.15am)
5 This event will earn you 5 DPD units

Location

AICD Training Room Brisbane
Level 9
123 Eagle Street
Brisbane QLD
MAP

Cost

Single Members: A$50.00 Non-members: A$65.00

Scott Butler

Scott Butler

Partner, McCullough Robertson

Scott heads McCullough Robertson’s Restructuring and Insolvency Group and is one of Queensland’s leading and most experienced restructuring and insolvency lawyers.

Scott works collaboratively with other restructuring professionals to assist clients with their restructures. Scott advises company directors in relation to their duties and assists them to access the safe harbour against insolvent trading where possible.

Michael Fingland

Michael Fingland

Executive Director, Vantage Performance

Michael Fingland has 24 years’ experience in business transformation, restructuring and turnaround.

Moving from a Chartered Accountancy background into corporate advisory he has worked in a wide range of industries from mining services, retail, agriculture, civil, transport, manufacturing, telecommunications, engineering to construction.

Michael has been awarded the “Australasian Turnaround Professional of the Year Award” by the Turnaround Management Association and a number of his client engagements resulted in Vantage Performance winning the “Turnaround of the Year Award” 13 times.

Richard Hughes MAICD

Partner, Deloitte
Richard leads the Queensland Restructuring Services team of Deloitte and has over 24 years professional experience at Deloitte. Prior to joining the Restructuring Services team, Richard worked with the audit and corporate finance teams. Richard specializes in advising banks, directors and management on distressed and restructuring situations. He is a registered liquidator, a member of the Australian Restructuring, Insolvency and Turnaround Association (ARITA), a member of the Turnaround Management Association and winner of the award for National Small Business Turnaround of the year for 2015. Richard has advised a range of businesses in need of restructuring, to produce successful outcomes.
The Safe Harbour legislation was enacted 2 years ago. It was designed to provide an environment where directors could safely attempt to restructure businesses outside of formal insolvency without fear of being liable for the businesses debts.

The intent of the legislation is to avoid the value destruction and loss of jobs and business that can occur in a formal insolvency appointment, and encourage more informal restructurings.

As part of the new regime, the legislators built in a formal review period to determine if the legislation needed any further changes. With that review underway, it is timely to provide directors with an update on how the legislation is working and the benefits and pitfalls that have been encountered to date.

In this session, we’ll discuss how the legislation is working in practice and explore some of the practical issues encountered in the cases worked on by the presenters.

Event Partner

Deloitte

Contact details

Qld Events
E. qldevents@aicd.com.au
T. 07 3222 5500