Safe Harbour

The Vantage View, Government’s Review of the Insolvent Trading Safe Harbour 

On 24 March 2022, Federal Government released the long-awaited outcome of its review of the effectiveness of the Insolvent Trading Safe Harbour. Key recommendations which government agrees to adopt, evidence a willingness to respond commercially and practically to support the ongoing use of Safe Harbour. The changes proposed are to the benefit of businesses seeking to …

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Vantage makes submission to government on its review of safe harbour

Treasury is currently reviewing the safe harbour protection afforded to directors of financially struggling companies under section 588GA Corp Act. As one of the country’s leading providers of safe harbour expert advice, Vantage has made a submission setting out practical insights into its use and recommendations on how it can be improved. Since it was …

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Safe Harbour Operational Update

It’s almost two years since the Australian government introduced the Safe Harbour legislation, designed to provide protection for directors whilst they’re developing and executing a turnaround or restructuring plan, to greatly reduce the number of companies that enter Voluntary Administration or Liquidation. In this edition of the Vantage Performance Podcast, Phil Dobbie asks Michael Fingland, …

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What Safe Harbour Legislation Means for a Struggling Business

Andrew Birch is the Executive Director of the Vantage Performance Perth office. For the last ten years, he’s been focused predominantly on business turnaround and performance improvement services. Andrew also heads up the Board Advisory Service Line nationally, which helps people navigate Safe Harbour legislation, among many other areas.* What is Safe Harbour legislation? Safe …

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Safe Harbour – How It’s Working Out?

It’s been 6 months since the Australian parliament passed the Safe Harbour legislation, providing protection for directors from insolvent trading whilst they pursue a turnaround. In this podcast Phil Dobbie talks to Michael Fingland about how it’s working in practice, some interesting developments in the roll out and how it’s already starting to change director …

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