CP 372 Guidance on insolvent trading safe harbour provisions: Update to RG 217
Released 14 September 2023. Comments closed 26 October 2023.
This consultation paper seeks feedback from directors, professional advisers, registered liquidators, turnaround and restructuring professionals, and other interested parties.
It sets out our proposals to update our guidance to help directors understand and comply with their duty to prevent insolvent trading, including guidance on the operation of the safe harbour provisions.
Download
- CP 372 (PDF 812 KB)
- Attachment: Draft regulatory guide 217 Duty to prevent insolvent trading: Guide for directors (PDF 433 KB)
Submissions
(non-confidential submissions)
- Association of Independent Insolvency Practitioners (AIIP) (PDF 209 KB)
- Australian Restructuring, Insolvency and Turnaround Association (ARITA) (PDF 264 KB)
- Australian Institute of Company Directors (AICD) (PDF 215 KB)
- Chartered Accountants Australia and New Zealand (CA ANZ) (PDF 129 KB)
- CPA Australia Ltd (PDF 708 KB)
- David Blanchett (PDF 195 KB)
- Deloitte (PDF 2.3 MB)
- Institute of Public Accountants (IPA) (PDF 701 KB)
- Law Council of Australia (LCA) (PDF 4.1 MB)
- SV Partners (PDF 1.9 MB)