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Australian institute of Company Directors (beta)
Insolvency laws are very strict in Australia, meaning companies and directors need to understand their financial position
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Governance Leadership Centre
3 insolvency stages to watch for
1 July 2020 | Zilla Efrat, Narelle Hooper MAICD
With more SMEs and NFPs under financial stress, directors must be alert to the signs of insolvency.
Assessing going concern for financial statements
1 July 2020 | David McElrea
Directors must be confident their enterprise can continue operating into the foreseeable future when preparing to sign off financial statements.
Letter to ACNC re. insolvent trading relief
4 June 2020
On 21 May, the AICD sent a letter to the ACNC Commissioner noting our concern with the ACNC’s requirement that a charity which is trading while insolvent is still required to notify its members and th...
Insolvency fears front of mind for organisations during COVID-19
1 June 2020
As Australian businesses continue to grapple with reduced revenue and strategic uncertainty, boards should be alert to changing financial risks.
AICD welcomes COVID-19 stimulus, regulatory relief
22 March 2020
The AICD has strongly welcomed the government's package of measures to support organisations through the COVID-19 crisis.
Advocacy: Is Safe Harbour a Safe Bet?
1 November 2017 | Matthew McGirr
AICD Policy Adviser Matthew McGirr explains how the new insolvent-trading legislation will work.
31 October 2017
'Solvency' is defined in s 95A (1) of the Corporations Act 2001 as the ability to pay all debts as and when they become due and payable.
Liability and Compliance
Duties and responsibilities
Corporations Act 2001
Advocacy: A new port in a storm
26 September 2017 | Matthew McGirr
The Government’s new “safe harbour” law is set to ease anxiety for company directors concerned about potential insolvency, reports Policy Adviser Matthew McGirr.
Insolvency Laws Make Welcome Leap into 21st Century
20 September 2017 | Gene Tilbrook FAICD
Disruption, innovation and being Amazon-ready are often cited as the keys to business success and employment growth in a rapidly changing world. However sometimes it is the practical changes to our le...
1 September 2017
Ben Power looks at the role and limitations of directors when a company goes into administration.