Support to Insolvency Practitioners

RISK MANAGEMENT SOLUTIONS FOR INSOLVENCY PRACTITIONERS

Protecting your interests is our business

Involving Risk Strategies upon appointment will help you identify and control risks including:

  • Workplace Health & Safety
  • Public Safety
  • Food Safety
  • Fire Prevention
  • Asset Protection
  • environmental Management
  • Security & Crowd Control
  • Licensing Compliance

About Us

Risk Strategies is a consultancy partnering insolvency practitioners in achieving strategic goals in safety, environment, workers compensation, and broader business risk. With a strong client advocate philosophy, we take the time to understand your needs and act in your best interests.

We are unrivalled in our experiential knowledge, proven experience with assisting insolvency practitioners and ability to work within complex arrangements using clear and lateral thinking and facilitation skills, to arrive at comprehensive and practical solutions.

We are responsive.

We offer a national service.

Exercising Due Diligence

The complexity of risks requires that a business takes a serious, coordinated and planned approach to their management responsibilities.

There is a strong focus placed on Persons Conducting a Business or Undertaking (PCBUs’) including directors and officers, liability, the concept existing across the corporate, environmental and work health and safety areas. Significantly, “Due Diligence” is now a specific defence for directors and managers to personal criminal liability. Whilst proper due diligence depends on the specific situation, in most respects it is understood to be the converse of negligence and is sometimes referred to as “reasonable and practical measures”.

It is a question of fact whether a “reasonable person” took the precautions that ought to have been taken. It is no answer for a person to say that he or she did his or her best given his or her particular abilities, resources and  circumstances.

Take Action

Upon appointment, the insolvency practitioner should investigate and validate if the business has addressed its obligations.

Risk Strategies is able to assist you ensure due diligence for both trading and non-trading appointments by reviewing, providing advice and delivering on:

 Trading Appointment  Non-Trading Appointment
  •  All aspects of Work Health and Safety;
  • Food Safety;
  • Public Safety;
  • Asset Protection;
  • Environmental considerations;
  • Liquor, tobacco, AQIS, EPA and other license compliance matters; and
  • Security and crowd control
  •  Plant Hazard Reports for sale of plant and equipment;
  • Asbestos surveys;
  • Property and Asset reviews; and
  • Environmental considerations.

With your approval, we will also project manage the implementation of the corrective actions we recommended, including coordination of contractors and services, saving you time and money.

We encourage you to contact us as soon as you are appointed to discuss your potential exposures.