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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
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The limits of safe harbour protection
1 February 2021
As the recent Victorian Supreme Court decision in Re Balmz Pty Ltd shows, trading while insolvent can have dire consequences for company directors, writes Professor Jason Harris.
Safe harbour
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Recap: AICD's 10 most popular articles for 2020
14 December 2020
As the year draws to a close, we bring you the 10 most read articles of 2020. Covering the events that happened in the world around us through to the challenges taking place inside boardrooms, this ye...
COVID-19
Board dynamics
Duties and responsibilities
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EOFY checklist for directors
25 May 2020
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
Duties and responsibilities
Safe harbour
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COVID-19: Accounting bodies publish important guidance on Going Concern
22 May 2020 | David McElrea
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...
COVID-19
Duties and responsibilities
Safe harbour
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Cool fashion school joins frontline virus fight
7 May 2020 | Shelley Dempsey
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...
COVID-19
Duties and responsibilities
Safe harbour
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Using ethical frameworks to make good COVID-19 decisions
6 May 2020 | Clare Payne
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?
COVID-19
Duties and responsibilities
Safe harbour
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Financial reporting during the COVID-19 crisis: what do you do when you have to sign off the account...
14 April 2020 | David McElrea
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...
COVID-19
Duties and responsibilities
Safe harbour
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All remuneration should be on the table: Director and executive pay during COVID-19
7 April 2020 | Laura Bacon
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 ...
COVID-19
Duties and responsibilities
Safe harbour
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ORIC releases COVID-19 advice for directors and executives of Aboriginal and Torres Strait Islander ...
3 April 2020
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.
COVID-19
Duties and responsibilities
Safe harbour
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Directors’ duties in uncertain financial times
27 March 2020 | John Winter
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
Duties and responsibilities
Safe harbour
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