Harbour Masters - safe harbour & restructuring blog

Welcome to Harbour Masters, where we offer insights and updates on the expertise and guidance available for the Directors of companies in need of advice in the face of stiff trade winds. Our updates focus on the critical business topics of restructuring, turnaround, and the availability of the new 'Safe Harbour' provisions, all designed to help companies renew, restructure, and rebuild. 

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James Koutsoukos

James is a registered and official liquidator and principal of BRI Ferrier with over 11 years' experience working in distressed financial management. James provides services in company insolvency, business recovery, business advisory and forensics. James also specialises in assisting clients with financial difficulties.

Recent Posts

Safe Harbour - what is it?

15-Sep-2017 16:42:00 / by James Koutsoukos posted in Safe Harbour, Directors

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Under the Australian Corporations Act 2001 (Cth) Legislation (s.588G) a director has a duty to prevent their company continuing to trade whilst insolvent (“insolvent trading”).

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Update: Bill passes

12-Sep-2017 15:34:00 / by James Koutsoukos posted in legislation, Safe Harbour

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The Treasury Laws Amendment (2017 Incentives No 2) Bill 2017 has earlier today passed both houses.

The bill amends the Corporations Act 2001 to create a safe harbour for company directors from personal liability for insolvent trading if the company is undertaking a restructure outside formal insolvency.

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