Protect yourself
Providing you with time to recover your business without the risk of liability for insolvent trading.
Endless opportunities
Safe Harbour enables the business to uncover the opportunities on recovering the company debt.
Take a breather
Providing you with the space to breathe. Work with key experts on devising a plan to get the business back on track.
When your company may be approaching insolvency, take advantage of the Safe Harbour provision
Directors have a duty to prevent the company from trading insolvent, safe harbour allows you time to prevent legislative action being taken when things don’t go according to plan.
In September 2017, new legislation was introduced to protect directors from becoming personally liable for the company’s debt. Safe Harbour provides relief as the company can continue to trade during their distressed times providing they are taking action to create a better outcome of the company.
There are no guarantees in business. Sometimes things don’t go according to plan. What matters most is the ability to facilitate decisions in the moments that really matter. Safe Harbour provides you the opportunity to turnaround out of difficulty into opportunity.
In business, times can be tough. When experiencing the tough times but find there’s value within the company, Safe Harbour provides the solution for you. Safe Harbour provides protection from risk and preserves value to get you through the tough times.
Enjoy the breathing space and time to get the business back on the front foot, entering into recovery as opposed to an insolvency procedure.
A powerful tool to gain valuable insights into your business.
Diagnose areas of improvement and maintenance with actionable, measurable plans to enhance your company’s future.
Book today for your free Business Health Check.
The 3-step business recovery process to get your business on the front foot again.
An 85% reduction in debt gets company through a major trading and cash flow problem. An electronic security company in Brisbane with clients ranging from small boutiques to international mega-corporations within Australia was experiencing difficulty with their cash flow, so Mackay Goodwin stepped in to help.
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This South Australian builder continues to trade, thanks to a DOCA, restructure and dispute resolution. When an Adelaide building development company found itself in a lengthy and protracted legal dispute over a costly project, it found itself unable to trade out of the heavy losses it had incurred as a result of the deal.
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75% reduction in tax debt gets this earthmoving company moving again. By the time a Melbourne-based earthmoving company contacted Mackay Goodwin over reducing their accrued debt, they had built up a $280,000 backlog with the Australian Taxation Office (ATO).
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