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Planning for a successful return – navigating a careful path through a safe harbour
August 6, 2020 @ 7:00 am - 8:30 amAUD22 – AUD33
McGrathNicol Breakfast Masterclass.
Anthony has more than 22 years of restructuring and advisory experience. He regularly undertakes strategic and independent business reviews for businesses and has managed a portfolio of loans for a major bank. Anthony advises State, Federal and Local Government agencies on strategic decisions, funding decisions, governance and investigative audits.
Anthony’s industry experience includes hospitality, retail, agribusiness, resources and mining, motor vehicles dealerships, property and financial services. In this session Anthony will explore the importance of careful planning and financial forecasting to ensure a successful return to business following the COVID-19 shutdown.
This will include considering the sufficiency of working capital, making the most of available assistance and what the conditions might look like over the all-important return period. We will also consider when and how the statutory solvency mechanisms, including safe harbour, might provide an edge for your business.
What is a safe harbour? The safe harbour reforms introduced into the Corporations Act came into effect on 19 September 2017. The amendments are designed to: drive cultural change in the boardroom by encouraging directors to keep control of their company (instead of appointing an administrator or liquidator).