Submission: Review of the Insolvent Trading Safe Harbour: Report & Government Response
The Government has today tabled the Review of the Insolvent Trading Safe Harbour in Parliament.
There are 14 recommendations and the Government has announced it agrees with the majority.
The key takeaway: safe habour plays an important role but there's some tightening up that would improve its operation. ARITA remains proud of our long term advocacy that led to the creation of safe harbour.
ARITA particularly notes Recommendation 14 which aligns with our long-made call for a root and branch review of Australia's insolvency regime!
We also note the extensive reference in the report to the survey undertaken by ARITA and we thank our members for assisting with the collation of this vital feedback.
The Review report and the Government’s response to the recommendations from Review are available on the Treasury website.
Review of the insolvent trading safe harbour
Government Response to the Review of the insolvent trading safe harbour