We’ve seen varying impacts on every industry as a result of COVID-19. Recently, we teamed up with Grain Trade Australia and HFW to take a look at the challenges and opportunities unique to the grains industry and agribusinesses broadly, through a series of webinars.

Grain Trade Australia COVID-19 Webinar Series: Impacts and Issues

With a number of presenters and subject matter experts, the webinars cover:

  • Stakeholder management
  • Employment issues
  • Safe harbour advisory and Ipso Facto
  • Force Majeure
  • Voluntary administration
  • Insolvency laws
  • JobKeeper and the rights of employers and employees

These webinars are a source of information for our clients working in the agribusiness space, providing insights in how to best position your business during times of uncertainty.

Webinar 1: Stakeholder management and employment issues

Stakeholder management and employment issues

In this webinar, we take a look at the impact of COVID-19 on the grain industry and agribusiness broadly. Is the impact the same compared to other industries?

The answer is no. The demand for food and produce is high, having a positive flow-on effect for the grain industry. That’s not to say the industry is without challenges. In the midst of a health crisis, grain growers could see their workforce take a hit if staff become infected, which in turn would impact their ability to produce, effecting their short and long term financial position. In these trying times the management of people, cash and contingency planning is crucial.

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Webinar 2: Safe Harbour Advisory and Force Majeure

Safe Harbour Advisory and Force Majeure

While we may not see a huge number of businesses in the grains industry become insolvent, there could still be a small number that may not pull through the other side of COVID-19.

For those businesses, understanding the relief options around insolvent trading will be important. Other businesses less likely to become insolvent can also benefit from safe harbour as a restructuring tool. It’s an opportune time to reposition your business. In this webinar Stephen Thompson, Partner, HFW dives into Force Majeure and its relevance in the COVID-19 pandemic.

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Webinar 3: Accessing government grants during COVID-19, voluntary administration and insolvency

Accessing government grants during COVID-19, voluntary administration and insolvency

The government introduced a number of relief options when it comes to insolvency, as we navigate unchartered waters with COVID-19.

We covered some of these relief options in the previous webinar. In this webinar Ranjani Sundar from HFW takes us through insolvency laws including statutory demands and duties of company directors. We also visit more relief options in the form of federal and state government grants. Jacky Millership, Partner at Grant Thornton tells us, the funding is unprecedented and substantial. Hear what grants your business may be eligible for, and if you’re unsure, we’re here to help.

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Webinar 4: JobKeeper – What are your rights?

JobKeeper came as a huge and much needed relief for many businesses struggling to keep paying their staff.

There’s a lot to be unpacked, and both employees and employers have different rights when it comes to a JobKeeper arrangement.

In this webinar Danika Parmar from HFW provides clarity around annual leave, altering normal work days and times, and hours.

Michael Whitehead, Head of Agribusiness Insights at ANZ provides a timely update on the economic situation.

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