Paul Apáthy has welcomed the draft legislation.

Directors to get safe harbour during insolvency

The federal government has introduced draft insolvency reforms designed to offer more protection for company directors and make it easier to restructure faltering businesses.


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The Turnaround Management Association of Australia has been advocating strongly for these changes since they were first raised by the Government. This will be a major step in encouraging Directors to seek help earlier, which should have a significant effect on the financial and social impact of business failure.

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