‘Innovation’ has been the buzzword of the Turnbull Government in Australia and there is no doubt it, along with entrepreneurship, is central to economic growth, job creation and future prosperity.
As the limited liability company was created to encourage and facilitate innovation and entrepreneurship and to reduce the costs of enterprise failure, it is not surprising Australias insolvency regime has come under scrutiny.
When compared to other jurisdictions such as the US, Canada, NZ and the UK, Australias current insolvent trading regime is one of the harshest.
Can we draw a link between the countrys current regime (which has been criticised for putting too much focus on penalising and stigmatising failures) and a…
Read the full article at: https://bluenotes.anz.com/posts/2016/06/innovation-in-australia-how-safe-is-the-safe-harbour/
