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Who can be your Safe Harbour consultant?

18 April 2022 Communications & PR Executive Abigail Cheadle e: abi@mcorpadvisory.com.au d: +61 448 139 340 m: +61 448 139 340
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The legislation says is regard may be had as to whether a director is obtaining advice from an appropriately qualified entity who was given sufficient information to give appropriate advice.
The legislation doesn’t set criteria per say. However, the explanatory memorandum does provide some guidance to consider:
1. The consultant should be experienced in the nature, size,complexity and financial position of the business to be restructured;
2. The adviser’s independence, professional qualifications, good standing and membership of appropriate professional bodies (or in the case of an advising entity, those of its people);
3. The adviser’s experience; and
4. Whether the adviser has adequate levels of professional indemnity insurance to cover the advice being given.
For assistance in selecting the most appropriate turnaround consultant for your firm, please visit www.safeharbournet.com.au.

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Who can be your Safe Harbour consultant?

18 April 2022 Abigail Cheadle e: abi@mcorpadvisory.com.au d: +61 448 139 340 m: +61 448 139 340

The legislation says is regard may be had as to whether a director is obtaining advice from an appropriately qualified entity who was given sufficient information to give appropriate advice.
The legislation doesn’t set criteria per say. However, the explanatory memorandum does provide some guidance to consider:
1. The consultant should be experienced in the nature, size,complexity and financial position of the business to be restructured;
2. The adviser’s independence, professional qualifications, good standing and membership of appropriate professional bodies (or in the case of an advising entity, those of its people);
3. The adviser’s experience; and
4. Whether the adviser has adequate levels of professional indemnity insurance to cover the advice being given.
For assistance in selecting the most appropriate turnaround consultant for your firm, please visit www.safeharbournet.com.au.