Section 588GA - A Safe Harbour for Company Directors
Section 588GA - A Safe Harbour for Company Directors
Wednesday 13 June 2018
Audio and papers
Length: 1 hour 7 minutes
Recorded on 13 June 2018

Presenter: Arturo Dal Cin, Murray Chambers

Section 588GA provides statutory protection from liability for insolvent trading for company directors who are concerned about the solvency of their company but make a genuine and determined effort to save the company. The object of the provision is to encourage directors to use their skill, knowledge and business skills to salvage wealth, and thereby protect the interests of creditors and shareholders. The presentation will discuss what is required to have permission to sail into the harbour.
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