Topic: Safe harbour

A provision of a statute or a regulation that specifies that certain conduct will be deemed not to violate a given rule, in this case trading while insolvent laws


EOFY checklist for directors

From reporting deadlines to D&O insurance, this checklist has been designed to ensure directors don't miss a thing as the end of the financial year draws closer.

COVID-19: Accounting bodies publish important guidance on Going Concern

The Australian Accounting Standards Board (AASB) and the Auditing and Assurance Board (AUASB) have published a joint guidance on assessing going concern and solvency declarations entitled “The I...

Cool fashion school joins frontline virus fight

The Social Studio, a fashion school in Melbourne that teaches clothing design to migrants and refugees, is continuing to change lives, though now through a different business model, one garment at a t...

Using ethical frameworks to make good COVID-19 decisions

COVID-19 may well be the greatest ethical challenge of our time, it asks of all of us – can we make sacrifices for the greater good? Can we make good decisions under pressure using ethical frameworks?

Financial reporting during the COVID-19 crisis: what do you do when you have to sign off the account...

Organisations will soon be preparing their financial reports and directors will be asked to sign off the end-of-year financial statement. With many organisations struggling to stay afloat and little c...

All remuneration should be on the table: Director and executive pay during COVID-19

As the scale and severity of COVID-19 continues to grow, companies of all sizes in every sector are facing a unique set of challenges. We take a look at why executive and senior employee remuneration ...

ORIC releases COVID-19 advice for directors and executives of Aboriginal and Torres Strait Islander ...

The Office of the Registrar of Indigenous Corporations (ORIC) has released update information to assist directors and executives of Aboriginal and Torres Strait Islander corporations.

Directors’ duties in uncertain financial times

The impact of the last bushfire season and now COVID-19 is causing significant distress to companies. Indeed, for many companies, cash flow has slowed to a trickle or even stopped completely.

COVID-19: The implications for D&O insurance

The D&O insurance market has been under strain for a number of years, with premium increases exceeding 100% a familiar sight. At a time when directors everywhere are trying to navigate challenging wat...

Navigating workplace relations through COVID-19

A lot of organisations are grappling with difficult employee issues in this sudden and unexpected health and economic crisis. Many companies and their boards are considering what options are availabl...
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