The New Safe Harbour Laws
19 September 2017
This week a significant step was made by Australian legislators, introducing a Safe Harbour provision for directors of companies that could be trading insolvent. The Treasury Laws Amendment (2017 Enterprise Incentives No 2) Bill 2017 enables directors to pursue reforms in their business rather than moving the company into administration. In this podcast, Phil Dobbie discusses the legislation with Michael Fingland, Executive Director of business turnaround specialists Vantage Performance. They discuss how this new law will work in practice.