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?
The Government has recently introduced legislative reform that will provide 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.
Safe Harbour Articles
26 June 2019 – What Safe Harbour Legislation Means for a Struggling Business
16 May 2017 – Safe Harbour – Vantage’s View
28 June 2016 – Safe Harbour for Companies in the Twilight Zone
Safe Harbour Podcasts
19 September 2017 – The New Safe Harbour Laws
16 June 2017 – Safe Harbour Law Will Save More Aussie Businesses
TMA Australia: Best Practice Guidelines – Navigating Safe Harbour