Topic: Insolvency

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

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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.

Insolvent trading

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.

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...

Insolvency explained

1 September 2017

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

Insolvency

Update on insolvency safe harbour reforms

9 August 2017

The Senate Economics Legislation Committee has recommended a ‘safe harbour’ for directors.

Update: Insolvency safe harbour reform

26 July 2017 | Carissa Simons

Further progress has been made on this important reform, with the bill now referred to an Inquiry of the Senate Economics Legislation Committee, writes Carissa Simons.

Labor gives tentative support to insolvency reform

12 July 2017 | Carissa Simons

The Labor Party has signalled its support for the federal government’s proposed changes to Australia’s strict insolvency laws. Carissa Simons gives an update on its progress.

Safe Harbour

1 July 2017 | James Dunn

The recent draft insolvency laws aim to offer greater protection to directors, fostering innovation and entrepreneurship, writes James Dunn.

Leading directors welcome next step on journey to safe harbour reform

14 June 2017

On the long journey to reforming Australia’s draconian insolvency laws, the Federal Government has introduced its safe harbour legislation to parliament.

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