Professional Development Australia-regulatory guide 217

Select Industry
Regulatory Guide 217 - Duty to prevent insolvent trading: Guide for directors CPD

This guide is intended to help directors understand and comply with their duty to prevent insolvent trading.

It sets out:
•   The relevant legal background (see RG 217.7–RG 217.22);
•   The key principles that ASIC consider directors need to take into account in order to comply with their duty to prevent insolvent trading (see Section B); and
•   Guidance on how ASIC will assess whether a director has breached their duty (see Section C).

While compliance with the guide may avoid a breach of duty, ASIC reserve our right to fully investigate the factual circumstances of each case of suspected insolvent trading and take action if they consider it appropriate.

The law in relation to insolvent trading involves complex legal and accounting issues. Directors should ensure that they understand their legal obligations and, if necessary, obtain appropriate advice.

Directors should actively monitor the solvency of the company, investigate financial difficulties, obtain advice from an appropriately qualified person where necessary, and consider and act appropriately on that advice in a timely manner.

Where a director follows these key principles, they are less likely to breach their duty to prevent the company from trading while insolvent.






For the online delivery option, you will need to have access to a computer with an internet connection.



Your enrolment is valid for a period of twelve months.



1 online multi-choice assessment



CPD Hours - 1



Enrol Now

Student Info – AAMC Training Policies

Do you qualify for Credit Transfer /RPL


  • Suite 1, 445 Melbourne Road,
    Newport, VIC 3015

    Phone: + 61 3 9391 3643
    Fax: + 61 3 9391 3903

System Requirements

  • What computer and software will be needed?
    • Windows XP or Linux based computer with internet connection.
    •  Internet Explorer 8.0 and above OR Mozilla Firefox
    •  Quick Time Player 4 and above
    •  Acrobat reader 6 and above
    •  Adobe Flash Player
    Download speeds
    •  Min 2 Mbps or above speed is required for running video

Latest Reviews for Regulatory Guide 217 - Duty to prevent insolvent trading: Guide for directors CPD
  • All Good
    Edmond South Australia