Category: Public
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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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TMA-Houlihan Lokey Scholarship Recipient
05-22-24
Maggie Fong (Senior Associate, Herbert Smith Freehills, Sydney) TMA Australia is thrilled to announce that Maggie Fong (Senior Associate, Herbert Smith Freehills, Sydney) is the successful recipient of the FY25 TMA Australia-Houlihan Lokey International Scholarship. Toronto Awaits Join us in celebrating Maggie’s achievement as she gets ready to attend the TMA International NextGen Leadership Conference […]
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Parliamentary Joint Committee on Corporations and Financial Services – inquiry into corporate insolvency – Update
07-13-23
The TMA acknowledges the care and consideration that the PJC under the leadership of Senator O‘Neill has brought to this substantive report (here) The TMA welcomes the proposed comprehensive review of Australia’s insolvency law the report proposes, and look forward to engaging in that process, including to advocate for a key purpose of insolvency law […]
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TMA submissions on corporate insolvency in Australia
12-12-22
TMA Australia has made submissions to the Parliamentary Joint Committee on Corporations and Financial Services for the purposes of its inquiry into corporate insolvency in Australia, which are now publicly available (https://lnkd.in/gZcPpuk2). Also here. The TMA working group that prepared the submissions was led by Richard Hughes, with unput from Paul Apathy, Jennifer Ball, Cameron Belyea, Lily Davies, Gayle Dickerson, Georgia […]
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TMA Australia Safe Harbour Guidelines
06-28-22
Based on AICD surveys, the personal liability risk in relation to insolvent trading is very important to directors in times of financial distress. Recently, the Government has moved to soften the prospect of personal liability by introducing Safe Harbour reforms. But it is all very well and good knowing that there is a Safe Harbour […]