Category: News
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It’s how we respond to a crisis that makes the mark of a TMA adviser
03-19-20
Our members are at the forefront of turnaround during good times and bad. With the news changing daily about the impact of COVID-19, how the crisis persists and dominates our market and how much disruption it causes are still unknowns. With the financial market selloff, it’s clear these unknowns create uncertainty. Those in the turnaround […]
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Law reform to enhance turnaround and restructuring
02-26-20
TMA supports a broad ranging review of our restructuring law regime – but that review should not turn only to Insolvency Practitioners and lawyers. Those at the heart of turnaround (our TMA membership) should be involved in a wholistic review. Diverse and expert insights from those at the coal face should inform that debate. Your […]
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Boom times tipped for nation’s corporate undertakers, The Australian Financial Review
01-22-20
Patrick Durkin, 9 September 2019 https://www.afr.com/policy/economy/boom-times-tipped-for-corporate-undertakers-20190906-p52on0 “We’ve had 30 years of prosperity and there a lot of people whose maxim is asset prices only go up and interest rates only go down and they don’t have the ability to adapt to today’s changed circumstances,” said Marcus Derwin, a turnaround consultant who has worked at KPMG, […]
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The West Australian Newspaper: TMA interviewed on the rise of the Chief Transformation Officer
06-15-17
Recently, TMA Board Directors spoke with the West Australian Newspaper on the rise of the Chief Transformation Officer in corporate Australia. The article details how these “change agents” can assist with turnaround in the broader corporate context of stakeholder and financial management. The article also references the TMA’s CTP course in conjunction with the University […]
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Safe harbour and Ipso facto clauses Law Reform: Bill introduced into Parliament
06-07-17
Ashurst share their article with us: What you need to know On 1 June 2017, the Government introduced the Treasury Laws Amendment (2017 Enterprise Incentives No. 2 Bill) 2017 (the Bill) into the Commonwealth Parliament. The Bill contains two major reforms to Australia’s insolvency laws: – a new safe harbour from civil liability for […]