Topic: Insolvency

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


Staying afloat

Many businesses are hurting as a result of the ongoing disruptions of COVID-19, but few are entering formal insolvency processes. Insolvency practitioners give their views on the seeming paradox.

AICD progress on cyber governance, insolvency safe harbour and business judgment rule

Cyber resilience is top of mind for listed company boards, given the threat environment. The AICD continues to intensify our focus with both a policy and practice lens.

Have you benefited from insolvency safe harbour?

The government has announced the appointment of a panel to conduct a three-month review of the insolvent trading safe harbour. The review will examine whether the safe harbour is achieving its objecti...

Avoid the pitfalls that could lead to insolvency

Despite its economic toll, COVID-19 has not yet led to an uptick in insolvent companies entering external administration or individuals declaring bankruptcy. In fact, the reverse is true. However, wit...

Directors slow to file for small business insolvency under latest reforms

The take up of restructuring reforms for small businesses, provided by legislation enacted on 1 January 2021, has been slow – but this may change now that JobKeeper assistance has come to an end...

New insolvency law reforms for SMEs

An overhaul of Australia’s insolvency framework is a lifeline for small businesses struggling to survive the economic impact of COVID-19. Here's what directors need to know.

What SME directors need to know about new insolvency reforms

AICD senior policy adviser Christie McGrath outlines new measures to help small businesses navigate insolvency and temporary safe harbour relief.

Making the hard decisions when confronting insolvency

From selling assets to appointing an administrator, Michael Sloan and Gayle Dickerson, directors of Turnaround Management Association, share key decision points for directors.

When is the right time for distressed companies to restructure?

Corporate insolvency expert Stephen Parbery shares vital insights for directors confronting the rising insolvency risks.

3 insolvency stages to watch for

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