Key Facts:
- Small Business Restructuring (SBR) appointments accounted for less than 10 per cent of all new insolvency appointments in July 2026, with overall numbers falling to levels last seen in 2023, according to the latest Alares Credit Risk Insights.
- Business recovery firm Jirsch Sutherland is warning directors and accountants that SBR proposals require thorough preparation to withstand increased scrutiny from the ATO, which is often the largest creditor in such cases.
- The ATO has issued recent guidance outlining its expectations, covering tax and superannuation compliance, demonstrated business viability, related-party transactions, and the requirement that proposals…