Store closures, social distancing policies and reduced discretionary spending have placed significant pressure on retailers and shopping centres during the COVID-19 crisis. Fortunately, Australia has had one of the strongest fiscal responses globally, which has alleviated the potential severity of the crisis to date. The Australian government recently extended its key business and wage support policy, JobKeeper until March 2021. However, the government will begin scaling back payments from September 2020 onwards. In addition, the government’s six-month-long Temporary Relief for Financially Distressed Businesses policy is also ending in September 2020. The policy includes a six-month extension to insolvency declarations and a temporary…
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
