Newsroom
Safe Harbour Legislation passed
09-12-17
Dear Members and friends of TMA, I am delighted to inform you that the Safe Harbour laws have passed through both houses of Parliament and today are just awaiting royal assent. This is great news and represents a major reform for corporate turnaround in this country. At the eleventh hour there were a number of […]
TMA members are encouraged to submit articles.
Please contact the TMA National Office at info@turnaround.org.au or 1300 042 811.
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Australian Institute of Company Directors Magazine Interview: Safe Harbour
08-02-17
Last month, Lachlan Edwards, the President of the Turnaround Management Association, and Marcus Derwin, Director, were interviewed for an article which appears in the July edition of the Australian Institute of Company Directors Magazine on the proposed Safe Harbour reforms to Australian insolvency laws. A special committee of the board comprising Michael Sloan and Kathryn […]
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TMA Australia: Best Practice Guidelines – Navigating Safe Harbour
06-22-17
Dear fellow Members of TMA Australia Over the past two years the Commonwealth Government has promoted a review of the Australian insolvency laws. In particular, the focus has been on whether it makes sense to provide directors of stressed and distressed corporates with a “safe harbour” to work with suitably qualified turnaround professionals. This […]
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The West Australian Newspaper: TMA interviewed on the rise of the Chief Transformation Officer
06-15-17
Recently, TMA Board Directors spoke with the West Australian Newspaper on the rise of the Chief Transformation Officer in corporate Australia. The article details how these “change agents” can assist with turnaround in the broader corporate context of stakeholder and financial management. The article also references the TMA’s CTP course in conjunction with the University […]
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Court of Appeal upholds scheme classes decision in Boart Longyear restructuring
06-07-17
Herbert Smith Freehills share their article with us. Legal Briefings – By Paul Apáthy and Andrew Rich The New South Wales Court of Appeal has, in a decision that has surprised many practitioners, dismissed an appeal which challenged the composition of classes in the creditors’ scheme of arrangement involving Boart Longyear Limited.1 The background […]