Safe Harbour Provision

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.

What is Safe Harbour?

In September 2017, the Government introduced legislative reform that provides Directors with protection from insolvent trading as long as they enact the Safe Harbour process.

The purpose of the Safe Harbour reform is to enable Directors to develop a turnaround plan for their business with the peace of mind that they won’t be sued for insolvent trading should the plan not be successful.

The legislation recommends that Directors engage an appropriately qualified entity / Turnaround Advisor to advise the company and assist in developing and executing a turnaround plan.

Vantage Performance is a leading expert in this field. Provided below is some useful links to more information about how the Safe Harbour process works.

If you would like a more detailed overview of the Safe Harbour process and how it works, click here to download the Safe Harbour Brochure – Vantage Performance.

Safe Harbour Articles

November 2020 – Enact Safe Harbour now to protect you and your business

June 2020 – The Importance of Safe Harbour Ahead of September 2020

March 2020 – COVID-19 Insolvent Trading Relief

March 2020 – Creditor-Defeating Dispositions

June 2019 – What Safe Harbour Legislation Means for a Struggling Business

October 2018 – Employee Entitlements & Safe Harbour Eligibility

June 2016 – Safe Harbour for Companies in the Twilight Zone

Safe Harbour Podcasts and Videos

About Safe Harbour – https://youtu.be/lCX2MnW8jt4

Safe Harbour Deadline* – https://youtu.be/flMEvqmk0K8
*The Temporary Covid Safe Harbour protection is ending on 31 December, 2020

September 2017 – The New Safe Harbour Laws

June 2017 – Safe Harbour Law Will Save More Aussie Businesses

Other Resources

TMA Australia: Best Practice Guidelines – Navigating Safe Harbour

Talk directly
with our specialists

Call Michael Fingland Email View Michael Fingland on LinkedIn

Michael Fingland

My philosophy is that there is always a way to solve a crisis, as long as you’re engaged early enough.

Call Andrew Birch Email View Andrew Birch on LinkedIn

Andrew Birch

Cooperative leadership teams that develop prioritised actions to progress towards clear strategic objectives can achieve long-term business viability.