Insolvency laws for small business are changing

29 December 2020

  • New insolvency reforms apply to incorporated small businesses with liabilities of less than $1 million.
  • Reforms include new debt-restructuring and simplified liquidation processes.
  • Government is creating a new ‘class’ of registered liquidator who can only undertake the debt-restructuring process.

Read the full article on the ASIC Newshub

Last updated: 29/12/2020 12:00