Not for Profits: Insolvent Trading and the Safe Harbour regime

Christopher Sequeira of Wexted Advisors explains how Australia’s insolvent trading and Safe Harbour regimes apply to the not-for-profit sector, noting that directors face the same personal liability risks as those in for-profit entities, but can mitigate exposure by documenting turnaround plans, engaging early with advisers, and demonstrating that decisions are taken in the best interests of creditors as financial distress emerges.

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