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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 […]
Directors to get insolvent trading relief, but debt recovery toughened, under temporary COVID-19 measures (Clayton Utz)
Author, Cameron Belyea (Partner, Clayton Utz) TMA Australia Chair Directors will soon be free to make decisions to trade on even insolvent entities, and incur debts in the ordinary course of business, with the passing of the Coronavirus Economic Response Package Omnibus Act 2020 last night and Royal Assent today. The Act is intended to […]