New insolvency laws: 4 actions small business directors must take

Image credit: Scott Graham

There are four key actions that small business owners should take immediately, to ensure they are well positioned once they, or their suppliers, come off JobKeeper this month.

Encouraging innovation through insolvency reform

Current Insolvency provisions under the Australian Corporations Act impose a duty on Directors not to trade while insolvent, but also not to trade in a manner that will lead it to insolvency. Although this may not appear too onerous an obligation, it can actually be trickier than it seems.  Some companies regularly flirt with insolvency,… Continue reading Encouraging innovation through insolvency reform