Joint AICD-BCA submission: Review of the Insolvent Trading Safe Harbour

12 October 2021

This is the AID and BCA's joint submission to the Review of the Insolvent Trading Safe.

Our strong view is that the Safe Harbour has been a successful insolvency policy reform that has driven changes in director behaviour to focus on restructuring businesses. This contrasts with directors being incentivised by threat of personal liability to place a business prematurely into administration.

This has directly resulted in economic benefits through preserving employment, owner equity, providing greater returns to creditors and maintaining tax receipts.

Read the full submission 


Latest news