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Your TMA Australia (TMA) Board has established a diverse, expert team to work informally with Government and in particular with Federal Treasury on restructuring law reform initiatives. This work is needed to help the economy through the turbulent times ahead. We suggested reform where it is most needed irrespective of individual or industry interest. Whilst […]
TMA Australia (TMAA) supports the announcement yesterday by Treasurer Josh Frydenberg that Government will examine further temporary measures to the insolvency and bankruptcy laws. With the ongoing challenges faced by the domestic and global economies and in particular the acute challenges faced by Victoria the TMAA continues to work with Government and in particular Federal […]
We are pleased to share with you results from the TMA-KordaMentha survey and thank all participants. View the results. We highlight the following: Signs that business restrictions may soon be lifted are coming just in time for thousands of companies in key labor-intensive industries Four out of five professionals in the industry believe companies in […]
In this podcast, our guest speakers will take you through a guided discussion around recent changes to legislation and the marketplace in light of the COVID-19 crisis. Thanks to our guest speakers: Cameron Belyea (Clayton Utz), Rob Brauer (McGrathNicol), Ben Gibson (Gordon Brothers) and Chris Pearce (Blackwall Legal). View podcast – here
This is a difficult time for Australian enterprise, workers and our communities. It is also a time for TMA Australia (TMAA) membership to shine. We have always been a values driven membership, covering a broad church of special situations investors, advisors, educators and operators, both for international as well as SME assignments. Our collective aim and […]
As part of its economic response to the COVID-19 pandemic, the Government passed a ‘temporary safe harbour’ insolvency measure. It suspends, (for six months if not extended), the current ‘insolvent trading’ regime whereby directors can be personally liable for debts incurred by their company at a time it is insolvent. This alert by King & […]
TMA Australia welcomes the Federal Government’s implementation of emergency measures to give temporary relief for directors from any personal liability for trading while insolvent. The Government announced today that the Corporations Act 2001 will be amended to provide temporary and targeted relief for companies to deal with unforeseen events that arise as a result of […]
Reaction to the threat from COVID-19 has already imposed significant economic costs on China and the rest of the world. Hopes for a short sharp shock, characterised as a V-shaped dip and rapid return to business as usual are rapidly fading. Business should brace for second and third round effects. Read Report
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 […]
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 […]
It’s the smaller turnaround deals that can impact people the most, says Jane Starkins of Scottish Pacific
TMA Member Profile Jane Starkins, State General Manager, Scottish Pacific Business Finance What makes TMA Australia great? The people. The professional community that forms the TMA are people not afraid of hard work to help businesses achieve their goals. There is a strong willingness to help others when they most need it; the work can be relentless […]