The corporate watchdog will release its third review of the small business restructuring (SBR) regime next month, as insolvencies remain elevated across Australia, while rising in retail.
The upcoming report will examine how the SBR process has operated from its commencement in 2021 up to June 30, 2026. It will cover changes in the outcomes of SBR appointments over that period, and take a longer-term view of how companies that went through the process have survived. It follows ASIC’s two earlier reviews, REP 756 and REP 810.
Andrew Leigh, Assistant Minister for Productivity, Competition, Charities and Treasury, told Ragtrader the review could feed into changes to the regime.
“[It] will look at whether it needs to be changed,…