Insights

Safe Harbour Law Will Save More Aussie Businesses


16 June 2017


New legislation is set to offer protection for directors who keep a struggling company trading, provided they demonstrate appropriate steps are being taken to restructure the business. Vantage Performance Executive Director Michael Fingland describes it as a game changer, that will save many businesses that might otherwise have been wound up. He says a 5-10 percent reduction in the rate of business failure could inject an extra $13 billion into the Australian economy. In this edition of the Vantage Performance Podcast he explains to Phil Dobbie how the new legislation will work, who will be involved and the impacts it will have. It’s worth spending 18 minutes to get across the detail.

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