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The Australian Financial Review Interview: Federal Treasury to fast-track rules to save struggling companies
The Australian Financial Review published an article on page 6 last week, which positions the TMA and AVCAL as two key industry supporters backing the proposed Safe Harbour provisions which form part of the Federal Government’s innovation agenda. National Board director, Marcus Derwin, speaks on behalf of the TMA: “We want to keep the growth […]
KPMG share their article with us. Author: Carl Gunther, NSW Head of Restructuring and National Turnaround Lead, KPMG. Most experts when asked about why a company went broke or defaulted will respond with a collection of good logical reasons specific to the matter. In fact, insolvency practitioners are required to report this as part of […]
Treasury has just released the draft safe harbour and ipso facto legislation and discussion papers. In essence, a “better outcome” test is put forward which will allow a company to trade on when it is of doubtful solvency. The onus is placed on directors to take appropriate steps to amongst other things obtain expert advice […]
Herbert Smith Freehills share their article with us: 07 February 2017 | Australia Legal Briefings – By John Angus, Paul Apathy, Mark Clifton and Tony Coburn On 31 January 2017, Brereton J of the Supreme Court of New South Wales in In the matter of OneSteel Manufacturing Pty Limited (administrators appointed)  NSWSC 21 […]