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What is Safe Harbour Protection?

Under the new provisions, directors of companies in financial distress will be able to rely on the safe harbour protection if they start developing one or more courses of action that are reasonably likely to lead to a better outcome for the company than the immediate appointment of an administrator or liquidator.
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Home / Archives for COVID19 Safe Harbour

Insolvency Laws & COVID19 Safe Harbour

Insolvency laws were temporarily changed in Australia at the end of March 2020 with the introduction of the COVID19 Safe Harbour. This provides directors with protection from insolvent trading personal liability. At first, this might make you relax a little if your company was facing financial distress, because you can temporarily continue to trade a […]

Strategies to avoid and protect against business failure

What we help with

ATO disclosure of Tax Debt!

Scary? ATO disclosure of tax debt to credit agencies ATO disclosure?! There's nothing quite like a government agency ...

Director Penalty Notice – What Does This Mean?

So What Is The Director Penalty Regime? The Director Penalty Regime is the mechanism through which the Deputy ...

No cost, no obligation consultation

I am passionate about helping business owners to navigate through difficult financial times!  Small business is at the heart of everything we do. 97% of businesses in Australia are classified as small, and together these small businesses account for about half the value of the economy and 70% of the workforce.  They have a right to exceptional representation and that is exactly what they get from Regroup Solutions.