Topic: Insolvency

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

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Update on insolvency safe harbour reforms

9 August 2017
The Senate Economics Legislation Committee has recommended a ‘safe harbour’ for directors.
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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.
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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.
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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.
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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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Insolvency Reform to help Save Jobs and Boost Innovation

1 June 2017
The Australian Institute of Company Directors today welcomed the introduction of the Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill which, if passed, will help boost innovation and pr...
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Final steps to safe harbour law reform

10 May 2017 | Matthew McGirr
In significant news for all directors, the Australian Government released draft legislation for insolvency law reform that includes a proposal to introduce a safe harbour for directors from insolvent ...
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National Innovation and Science Agenda – Improving corporate insolvency law

26 April 2017
The AICD has made a submission on the Australian Government’s Exposure Draft titled Treasury Laws Amendment (2017 Enterprise Inventive No. 2) Bill 2017, and the accompanying draft Explanatory Me...
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Proposed insolvency reforms signal good news for directors and the economy

29 March 2017
In welcome news for directors and the economy, the Federal Government has introduced draft legislation for insolvency law reform that includes a proposal to introduce a safe harbour provision.
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Are you prepared to ensure your organisation’s solvency?

29 March 2017
A new pilot program, Company Directors Course Specialisation: Ensuring Solvency, will help directors make the right calls overseeing organisations in financial stress and navigating Australia’s harsh ...
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