Photo by Adam Seckel on Unsplash
With the currect climate surrounding COVID 19, risks of insolvent trading may be a big issue as directors struggle to remain afloat. Directors Safe Habour provisions may apply under the Corona Virus pandemic. Law firm Macpherson Kelly published an article below, but any good law firm who understands corporate law should be able to assist. It is appropriate if Directors are nearing these challenges to access professional assistance so they can navigate these corporate governance issues.
Some further ATO information can be accessed here
What is Safe Harbour you may ask? The link below provides a good summary.