SAFE HARBOUR

In situations of strong headwinds, Vantage Performance is there to help and provide you with a Safe Harbour to provide time and resources to turn around your company and to get it back on track.

Protect yourself and gain peace of mind to turn your business around.

Achieve greater visibility and certainty with accurate financial forecasting
Partner with leading industry experts and a firm with 15 turnaround awards
Achieve greater confidence with an independent assessment of your plan.

What is Safe Harbour?

In September 2017, Federal Government introduced legislative reform, providing protection from insolvent trading to company directors who pursue their turnaround efforts under the umbrella of “safe harbour”.

The safe harbour is a turnaround tool, its purpose being to encourage entrepreneurship and provide breathing space and peace of mind to directors who are focused on improving the company’s financial position in times of financial distress.

The legislation expressly encourages directors to engage a business turnaround expert. The role of the expert is to assist the company to develop and implement appropriate turnaround initiatives. The expert will give directors greater confidence in their plans and assist directors with financial forecasting to bring greater visibility and certainty around the likely outcome.

ARTICLES

Does Safe Harbour Provide Effective Protection from Insolvent Trading

Does Safe Harbour Provide Effective Protection from Insolvent Trading

As featured on BusinessNews.com.au, Andrew Birch, explains the ins and outs of insolvent trading and Safe Harbour. Read the full…

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

Vantage makes submission to government on its review of safe harbour

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.…

Safe Harbour Protection for You and Your Business

Safe Harbour Protection for You and Your Business

The temporary safe harbour (which ends on 31 December 2020) addresses solely the question of insolvent trading. On the question…

Webinar: The Importance of Safe Harbour Ahead of September 2020

Webinar: The Importance of Safe Harbour Ahead of September 2020

The moratorium on insolvent trading concludes on 25 September 2020. Given that a number of companies may need 2 to…

The Importance of Safe Harbour ahead of December 2020

The Importance of Safe Harbour ahead of December 2020

The moratorium on insolvent trading now concludes on 31 December 2020 (extended from 25 September 2020). Given that a number…

Does Safe Harbour Provide Effective Protection from Insolvent Trading

As featured on BusinessNews.com.au, Andrew Birch, explains the ins and outs of insolvent trading and

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

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

Safe Harbour Protection for You and Your Business

The temporary safe harbour (which ends on 31 December 2020) addresses solely the question of

Webinar: The Importance of Safe Harbour Ahead of September 2020

The moratorium on insolvent trading concludes on 25 September 2020. Given that a number of

The Importance of Safe Harbour ahead of December 2020

The moratorium on insolvent trading now concludes on 31 December 2020 (extended from 25 September

WHAT OUR CLIENTS SAY

We engaged the Vantage team to provide a strategic review and implementation plan to assist us reposition our business after a challenging period. The team’s knowledge, commitment and professionalism were well regarded by us and this was instrumental in achieving our goals for the review and our business going forward. The credibility, discipline and momentum provided by the team was everything we hoped for and I am very happy to recommend their work.

Stephen Barnard CEO, Nationwide Hire

When times got tough, every cent counted and the value we’ve received from Vantage has exceeded all expectations. The timeliness, relevancy and worth of the advice provided by the Vantage team has been fantastic. They’re also not scared to roll up their sleeves and muck-in to get the job done when needed. The decision to call Vantage was the best commercial decision I’ve ever made.

Scott Etherington CEO, Bevco (Orchy and Macquarie Valley Juice)

Michael/Vantage and I have worked on a number of matters together for mutual clients. I have always found them to have a detailed understanding of the key drivers that impact on the ultimate outcome, and an unwavering focus on obtaining the best possible result for his clients.

Luke Mountford Partner, Hopgood Ganim Lawyers

After facing a very difficult climate for two years, it was a great relief to bring the expertise of Vantage Performance to resolving Promim’s problems. They were able to isolate the viable options for restructuring the business and were very helpful in providing interim strategies to deal with suppliers and creditors while the restructuring process was worked through. I wish I had been introduced to the Vantage team a year earlier. They would have saved me a lot of sleepless nights.

Garry Pennell Managing Director, Promim

A health check and full company assessment via the Vantage team is liberating and can bring the changes needed to take a business to the next level. Engaging Vantage has given us fantastic input and assistance to our company as we plot our future. Mark Garrahy, Director, Workout World (now part of Rebel Sport)

Mark Garrahy Director, Workout World (now owned by Rebel Sport)

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