Category: Economics
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‘Shocking statistic’: Only 10 per cent of liquidators are women. They’re getting impatient
09-23-24
Insolvency was known for an aggressive approach of “kicking down doors, banging tables”. That’s changed, and now there’s a push to boost women’s role in the sector. By Jessica Yun (Sydney Morning Herald, 23 September 2024) In some small circles of Australian insolvency practitioners – the corporate undertakers tasked with advising or taking control of […]
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TMA Voluntary Code for Equitable Insolvency & Restructuring Appointments (EIRA)
09-18-24
Read more about the code – https://turnaround.org.au/wp-content/uploads/2024/09/TMA-Australia-Vountary-Code-EIRA.pdf Sign up to the code – https://turnaround.org.au/wp-content/uploads/2024/09/TMA-NOW-Houlihan-Lokey-Sponsorship-The-Code-10-Sept.pdf Given the widespread acceptance of the Law Council of Australia Equitable Briefing Policy, the TMA recommends that firms and organisations working in insolvency, restructuring and turnaround adopt the TMA Voluntary Code for Equitable Insolvency & Restructuring Appointments (EIRA) launched at the […]
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TMA Australia’s Support of Safe Harbour
08-15-24
The TMA is supportive of the safe harbour protection from insolvent trading liability found in s 588GA of the Corporations Act 2001 (Cth) (the Corporations Act). As outlined in the TMA’s 2021 submissions Safe Harbour submissions – TMA Australia (turnaround.org.au) to the Review of the Insolvent Trading Safe Harbour (the Review), drawing on our members’ […]
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NOW International Scholarship Announcement FY23
11-23-23
TMA Australia, through the Houlihan Lokey – TMA Network of Women (NOW) Scholarship Program passionately champions the participation of women in turnaround and restructuring and promotes their professional growth. The partnership with Houlihan Lokey offers unique leadership and learning opportunities for women. Houlihan Lokey-TMA NOW International Scholarship Winner Out of 22 remarkable applications, we’re thrilled by […]
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Safe harbour sleeper
09-19-23
The rate of company failures is rising sharply following a lull during the pandemic. Macroeconomic forces like inflation, supply chain disruption and labour shortages are stretching organisations to their limits. Are you across your turnaround and restructuring options? As corporate financial distress is on the rise, it is important for directors to refresh their understanding […]