About the event

On 11 September 2017 two significant reforms to Australia’s insolvency laws were passed through the Senate. The introduction of the insolvent trading safe harbour provisions, commenced in September 2017, and the ipso facto reforms commencing on 1 July 2018. Many companies in Australia are underperforming; however, too few will seek expert assistance early enough, which contributes to the alarming statistic that only 1 in 5 businesses survive to see their 5th birthday. Early intervention is more likely to result in a favourable outcome and it is expected that these law reforms will encourage earlier intervention thus having a positive impact on the rate of business success. This seminar will discuss the above reforms and the important issues raised for commercial and insolvency advisers. Don’t miss this opportunity to hear experienced voices share their perspectives on both changes.