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.

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

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

Other Resources

TMA Australia: Best Practice Guidelines – Navigating Safe Harbour

 

Safe Harbour Protection eBooklet

If you would like a more detailed overview of the Safe Harbour process and how it works, please complete the below details to download your free copy of our Safe Harbour Protection eBooklet.
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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

I believe that clear strategies and organisational alignment are fundamental for long-term business viability.