Newsroom
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 […]
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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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 […]
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TMA Podcast: A New Safe Harbour Tips & tricks in the COVID-19 world
04-23-20
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
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Directors to get insolvent trading relief, but debt recovery toughened, under temporary COVID-19 measures (Clayton Utz)
04-02-20
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 […]
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Considerations for directors and a test for existing insolvency laws (King & Wood Mallesons)
03-25-20
As part of its economic response to the COVID-19 pandemic, the Government passed a ‘temporary safe harbour’ insolvency measure[1]. 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.[2] This alert by King & […]