Topic: Insolvency

Insolvency laws are very strict in Australia, meaning companies and directors need to understand their financial position

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3 insolvency stages to watch for

With more SMEs and NFPs under financial stress, directors must be alert to the signs of insolvency.

Assessing going concern for financial statements

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

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

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

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?

AICD Policy Adviser Matthew McGirr explains how the new insolvent-trading legislation will work.

Insolvent trading

'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.

Advocacy: A new port in a storm

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

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...

Insolvency explained

Ben Power looks at the role and limitations of directors when a company goes into administration.
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