News & Insights

We are now seven years into the Safe Harbour Law. It started with a whimper, but where are we right now? Join Wexted's Joe Hayes and Andrew McCabe, together with Corrs' Michael Catchpoole, as they discuss the good, the bad and the nail-biting aspects of Safe Harbour.

15TH DEC 2024

In a Wexted exclusive, Australian Rugby legend Phil Kearns talks to Joe Hayes about Australia's successful Rugby World Cup bid and the impact RWC 2027 is set to have on the sport and the Australian economy.

15TH DEC 2024

We're delighted to have several new starters joining us — welcome Nisha, Erin and Calvin to the Wexted family! The Wexted team keeps growing...

16TH DEC 2024

What should Receivers and VA’s commercially consider when structuring sale processes, to both meet the requirements of the law and get timely, valuable and risk-free outcomes?

6TH DEC 2024

SBR Specialist Jessie Wang provides an update on ASIC's latest Restructuring Plan Template and the impact it could have...

6TH DEC 2024

There have been concerns with the subjective nature of the use of the words “a person starts to suspect” insolvency to enliven the Safe Harbour test, what is being done to clarify the concept of “Suspicion of insolvency’ in Section 588GA?

16TH DEC 2024

When analysing business collapse, we look in hindsight.  In doing so, we often confuse the causes of insolvency and failure in a business, with the symptoms we should see that predict that event.  Causes are generally controllable, or preventable, symptoms are not, but they are identifiable, and does early identification mean early treatment?

29TH NOV 2024

The Parliamentary Joint Committee on Corporations and Financial Services released its report into Corporate Insolvency in July 2023, more than year ago, signaling a comprehensive review of the Corporate Insolvency Regime was needed. What has happened since? Is it ‘an impenetrable quagmire’ as suggested in the Safe Harbour Panel Review?

16TH DEC 2024

Wallaby Legend and Wexted Advisor Simon Poidevin played 59 Tests for Australia, captaining his country four times. He is a feature writer for the AFR, and as a Grand Slam winner in 1984, is uniquely placed comment on the 2024 Spring Tour and the Wallaby ambitions to repeat the triumph of the 1984 Grand Slam team.

29TH NOV 2024

During the US Presidential Election, we have been witness to a lot of ‘speeches’ by both candidates, some of which have been good, some bad, some self-serving, some frankly patronising and offensive.

4TH NOV 2024

At Wexted, we’re fortunate to be able to show our support and share our expertise across an extensive range of restructuring and insolvency bodies and networks. Here’s a quick update on what we’ve been up to and what peaked our interest.

4TH NOV 2024

Joe Hayes of Wexted, together with Josh Cairns, Orla McCoy and Scott Abel participated in a panel at the Banking and Financial Services Law Association conference on the Gold Coast in September, focussed on distressed workouts and the collective Australian and New Zealand approaches to managing insolvent trading and wrongful trading risks.

4TH NOV 2024

Wexted Advisors Small Business Restructuring Product continues to grow, led by Jessie Wang.

4TH NOV 2024

What characteristics should a potential appointee consider, where a company is insolvent and needs to appoint an Administrator, but appointees are having difficulties determining the risk.

4TH NOV 2024

The recent decision in Commission of State Revenue and Andrew McCabe and Ors is a timely reminder of the objectives of Part 5.7 of the Corporations Act 2001 and the termination of DOCA’s on the grounds of public interest.

4TH NOV 2024

Wexted Advisors analyst Ben Sugars topped off a great season for Randwick Rugby Club with his selection this year in the NSW Waratahs Super Rugby Pacific squad.

4TH NOV 2024

The recommendations from the Government’s Review of the Insolvent Trading Safe Harbour in late 2021 are – finally - now partly implemented. Safe Harbour is getting regular use, and gets a tick of approval, with refinement needed. But what exactly has happened, and how will reforms improve the legislation?

28TH OCT 2024

Wexted Advisors have market leading expertise in the management of Safe Harbour protection. Properly implemented, Safe Harbour provides DIrectors not only with the comfort of protection from insolvent trading claims, but also provides discipline and a framework where a Board can obtain clear, transparent buy-in to decisions, better understand the implications of decisions, and improve governance.

20TH AUG 2024

Joseph Hayes recently spoke to Paul Sanger at the Finance News Network, about developments in Safe Harbour protection and recent Wexted experiences.

16TH AUG 2024

The purpose of a Voluntary Administration is to maximise the chances of a business in financial difficulty continuing or the return to impacted creditors. The process can be used to restructure the affairs of a company so that it can continue at the end of the Voluntary Administration process.

19TH JUL 2024