Key Takeaways:

• Insolvency legislation to create a safe harbour for directors from insolvent trading claims in certain circumstances has received royal assent.
• A director will be entitled to claim the protection of the safe harbour upon developing a course of action reasonably likely to lead to a better outcome.
• To utilise the safe harbour, a director should seek timely advice from an appropriately qualified professional.

Congratulations to our CFO, Magdalena Kosior-Molloy who has been selected as a finalist for the CFO of the Year award in the 2017 Executive of the Year awards. 

Greg Malakou, Holman Webb CEO, speaks to Business First magazine about how innovation not only gives Holman Webb a competitive advantage in the market but is also fundamental to the firm’s growth strategy.

Casaclan v Wealthsure Pty Ltd [2015] FCA 761 is the most recent decision involving Wealthsure Pty Ltd and their former authorised representative Mr Colin Oberg following the High Court’s Selig & Another v Wealthsure Pty Ltd (2015) 320 ALR 47 judgement.

The Privacy Act changes commence in March 2014. 

If your credit application, privacy policy or terms and conditions of trade do not property take the new amendments into account, you may find yourself in danger of breaching the new Act. The changes have imposed new credit reporting provisions, and have given enforcement powers to the privacy Commissioner.