RG 217 Duty to prevent insolvent trading: Guide for directors
Issued 6 December 2024
This guide is for directors and their professional advisers. It may also be of interest to registered liquidators and creditors.
The guide sets out key principles to help directors understand and comply with their duty under s588G of the Corporations Act to prevent insolvent trading. It also provides guidance on the use of the safe harbour protection from liability for insolvent trading.