Insolvency 'safe harbour' law will let innovation sail, says AICD

Michael BaileyRich List co-editor

Updated Mar 22, 2016 – 6.12pm, first published at 4.16pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

A "safe-harbour" provision in insolvency laws should be fast-tracked to promote innovation, the Australian Institute Of Company Directors said this week.

The AICD represents 38,000 corporate, government and not-for-profit board members around Australia, and is urging the Turnbull government to honour its promise to better protect directors in situations where a struggling company can be turned around.

Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au