Reefton Posted April 8, 2020 Share Posted April 8, 2020 I never bother taking part in these things(I waste enough time on racing) but I do get the emails for these Clubs teleconferences they(NZTR) have regularly for the Club Reps. Just get an email of 'responses to questions raised' at the latest one(yesterday?) This little gem included Club funding/insolvency: The Government has signalled that retrospective legislation creating a six-months safe-harbour for directors of companies facing significant liquidity problems because of COVID-19 a ‘safe harbour’ from insolvency duties under the Companies Act. Although clubs are incorporated societies and not companies, it can reasonably be anticipated that a similar safe-harbour will be applied to incorporated societies, to the extent that such insolvency duties apply to incorporated societies. We will keep clubs advised on this point. We would also ask that clubs disclose any solvency issues to NZTR as soon as they are able. I wonder which Clubs have committee men and women with cold shivers running down their spines just now? (and I haven't so its not me or the RJC!) 1 Quote Link to comment Share on other sites More sharing options...
curious Posted April 8, 2020 Share Posted April 8, 2020 Saw that and wondered the same. Quote Link to comment Share on other sites More sharing options...
Huey Posted April 8, 2020 Share Posted April 8, 2020 Don't worry , you know where they will be looking for a bail out. Quote Link to comment Share on other sites More sharing options...
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