TMA Safe Harbour Guidelines
Safe Harbour: A port and temporary respite for all in the storm
If you ever need a Safe Harbour, you will need to be guided by industry experts.
Download the TMA Safe Harbour Guidelines based on current best practice for workouts. They have been drawn from internationally accepted principles, Australian case law, detailed consideration of legislation and input from top tier accounting, investment banks and law firms.
The TMA is supportive of the safe harbour protection from insolvent trading liability found in s 588GA of theCorporations Act 2001 (Cth) (the Corporations Act).
As outlined in the TMA’s 2021 submissions Safe Harbour submissions – TMA Australia to the Review of the Insolvent Trading Safe Harbour (the Review), drawing on our members’ considerable experience, the safe harbour works to avoid formal insolvency, and to improve outcomes where formal insolvency results.
The TMA wishes to clarify a number of matters arising from a recent ASX announcement and related commentary in relation to the safe harbour regime. Read more...
Navigate your way to a Safe Harbour
Facing financial distress? TMA Australia has developed Safe Harbour Guidelines to help directors and advisors chart a clear path forward.
Grounded in best practice and informed by leading experts, our guidelines support effective turnaround strategies while helping directors understand and manage personal liability risks.
Make TMA your first port of call.