Common Misconceptions About Safe Harbour
Safe Harbour is often misunderstood because it is framed too narrowly. Many directors hear the term

Safe Harbour is often misunderstood because it is framed too narrowly. Many directors hear the term

Despite years of availability, Australia’s Safe Harbour regime remains widely under utilised. Internal research from Vantage Performance reveals a concerning reality: the majority of company directors still lack a clear understanding of how Safe Harbour works or how to use it effectively.

New safe harbour provisions are set to offer protection for directors who keep a struggling company trading, provided they demonstrate appropriate steps are being taken to restructure the business. Vantage Performance Executive Director Michael Fingland describes it as a game changer, that will save many businesses that might otherwise

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.

Vantage keeps abreast of developments and situations which might impact an entity’s eligibility for safe harbour protection. By sharing such information, our goal is to ensure that boards and management teams are aware of nuances within the legislation and take appropriate steps in respect to their safe harbour status.
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