Liquidator Nicholas Crouch, who advised the small business ombudsmans insolvency review earlier this year, likens it to doing a 10-year apprenticeship.
You must have the smartest mind on the job for the strategic plan otherwise mistakes happen and those mistakes are borne by the mums and dads in this environment, the small business owner, he said.
Letting just anyone put their hand up would just be catastrophic.
Loading
The government also suggests an influx of these new practitioners will be needed to meet demand – something the sector says just isnt the case.
Head of the Association of Independent Insolvency Practitioners Stephen Hathway said after eight months of coronavirus restrictions, there would be many businesses that could…
Read the full article at: https://www.brisbanetimes.com.au/politics/federal/fears-new-insolvency-rules-could-be-open-slather-for-dodgy-advisers-20201002-p561g7.html