Government announces ‘most significant reforms’ to insolvency laws for small businesses
By Ann Wen · 24 September 2020 · Featured
By Ann Wen · 24 September 2020 · Featured
The Federal Government has announced a major overhaul of insolvency laws, but what does it mean for your business? Find out how these changes can help you stay afloat and thrive in the new year.
The Federal Government has announced new insolvency rules that will allow small businesses to stay afloat whilst restructuring debts. This new insolvency regime is proposed to start from 1 January 2021, following the lifting of temporary insolvency measures introduced in March 2020. Related: Government extends temporary insolvency and bankruptcy protections Incorporated businesses with liabilities less […]