Category: Uncategorized

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 […]

TMA Australia – Reconnect in 2022

05-09-22

Safe Harbour submissions – TMA Australia

10-19-21

Treasury invited TMA Australia to make a submission in respect of its consultation paper on Safe Harbour (along with the Scheme of Arrangement submission previously provided to TMA members on 15 October). We are pleased to say that we provided our submission just before the TMA Australia Conference. It has been a busy month! The […]

Translating international turnaround lessons for the Australian market webinar (25 Aug 21)

08-26-21

The law, judicial system, culture, lifespan and government of each country are some of the key components that mixed together deliver a country’s unique turnaround environment. Whilst an organisation’s issues may be similar across different countries, the methodology around how to address those issues can vary significantly.  So the approach in the UAE, a country […]

TMA Submission – Insolvency Reforms to support Small Business

10-13-20

Turnaround and restructuring naturally lie at the heart of the Turnaround Management Association (“TMA”) Australia. That is why, with Australia facing a pandemic induced recession through no fault of its own, the TMA supports SME law reform which promotes restructuring of businesses facing insolvency through no fault of their own. Yesterday the TMA submitted its […]