9.PPS Dealing with Complaints

9.PPS Dealing with Complaints Introduction Membership of the ABRT is personal to an individual Restructuring & Turnaround Practitioner. ABRT Members have an obligation to ensure that engagements[1] are effectively managed, controlled and administered at all times. It is in the interest of complainants and ABRT Members, and in the wider public interest, that complaints are […]

8.PPS Succession Planning

8.PPS Succession Planning 1. Introduction Membership of the ABRT is personal to an individual Restructuring & Turnaround Practitioner. ABRT Members have an obligation to ensure that engagements [1] are effectively managed, controlled and administered at all times; and to have appropriate contingency arrangements in place to cover unexpected changes in circumstances. The overriding principle is that the interests of […]

7.PPS Managing Engagements

7.PPS Managing Engagements 1. Introduction Membership of the ABRT is personal to an individual Restructuring & Turnaround Practitioner. ABRT Members have an obligation to ensure that engagements [1] are effectively managed, controlled and administered at all times. Issues can arise when an ABRT Member is working as part of a turnaround team [2], takes engagements […]

6.PPS Safe Harbour Advisory Best Practice

6.PPS Safe Harbour Advisory Best Practice Where a Client or former Client is subsequently subject to an Appointment, a Membershould, subject to: legal professional privilege, any other legal rights, or where the Member would be in breach of any other legal, professional or regulatory duty; provide to the Appointee, when requested, copies of the Terms […]

5.PPS Record Keeping on Engagements

5.PPS Record Keeping on Engagements Where a Client or former Client is subsequently subject to an Appointment, a Membershould, subject to: legal professional privilege, any other legal rights, or where the Member would be in breach of any other legal, professional or regulatory duty; provide to the Appointee, when requested, copies of the Terms of […]

4.PPS Preventing Illegal Phoenix Activity

4.PPS Preventing Illegal Phoenix Activity Where a Client or former Client is subsequently subject to an Appointment, a Membershould, subject to: legal professional privilege, any other legal rights, or where the Member would be in breach of any other legal, professional or regulatory duty; provide to the Appointee, when requested, copies of the Terms of […]

3.PPS Professional Competence and Expertise

3.PPS Professional Competence and Expertise 7 Dealings with Appointees Where a Client or former Client is subsequently subject to an Appointment, a Membershould, subject to: legal professional privilege, any other legal rights, or where the Member would be in breach of any other legal, professional or regulatory duty; provide to the Appointee, when requested, copies […]

2.PPS Professional Competence & Expertise

2.PPS Prospective Client Meetings & Initial Contact​ ABRT Members are encouraged to represent to clients that they subscribe to ABRT’s Code of Ethics and PPS.  ABRT Members are required to assess their ability to undertake engagements by: interviewing all clients to ensure a clear understanding of the engagement required; considering if they have sufficient knowledge, competence and […]

10.PPS Australian Credit Licence – Debt Management Services

10.PPS Australian Credit Licence – Debt Management Services There are no prohibitions on a Member who is providing Advisory Services, proposesto provide Advisory Services, or who has previously provided Advisory Services to aClient: acquiring equity in that Client, or purchasing assets of that Client. However, in such a situation, the Member must not advise the […]

1.PPS Initial Contact & Prospective Client Meetings

1.PPS Initial Contact & Prospective Client Meetings 1.1 The purpose of Professional Practice Statements (PPS) is to promote and maintain high standards by setting out required practice and harmonising the approach of ABRT Members (particularly ABRT Certified Restructuring and Turnaround Practitioners RTP®) to the fundamental aspects of restructuring and turnaround practice. They apply in parallel to the […]