Newsroom
SME Insolvency Reform – Message from the TMA Australia President
09-24-20
The TMA welcomes the move by Government announced today to reform Australia’s SME restructuring laws. We have advocated for and support the idea of introducing a streamlined cost-effective restructuring process for SMEs. The current voluntary administration regime is an “external administration” model which has proved complex and costly in the context of small businesses. Whilst […]
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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How to decide to salvage or wind up a company
09-09-20
Difficult decisions are now on many board agendas – is the company’s position salvageable or terminal? TMA Board Directors Gayle Dickerson and Michael Sloan recently produced an article for the Australian Institute of Company Director’s magazine outlining some important misteps for Directors to avoid and a ‘Director’s Decision Tree’ to consider as they make hard […]
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TMA Member Update: Restructuring Law Reform Initiatives
07-27-20
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 […]
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TMA Australia supports Government’s announcement of regulatory changes
07-13-20
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 […]
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Covid-19 Restructuring Survey results (KordaMentha Corporate &TMA)
05-06-20
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 […]