Policy & Advocacy News

Insolvent trading: A safe harbour for reorganisation attempts outside of external administration (January 2010)

In January the Commonwealth Government sort feedback and comments on the options outlined in this paper, particularly any information about compliance costs, impacts on competition, existing business activities and any other impacts, costs and benefits. We also seek your advice on any potential unexpected consequences of these proposed changes.

The information will inform the Government’s proposed approach on the way forward and also assist in meeting the requirements of the Office of Best Practice Regulation

Submission were to be sent to Treasury by Tuesday 2 March 2010

The TMA Board convended a TMA Insolvency Policy Committee comprised of legal experts representing both large and small firms.

TMA Joint Submission

TMA Suplementary Submission