Small businesses have begun registering for temporary restructuring relief, under Australias new insolvency regime that began on January 1.
Records published by the Australian Securities and Investments Commission show four businesses have so far made declarations that they are eligible for temporary restructuring relief.
Among the businesses to make declarations are a Queensland-based travel agency and a workwear business.
The first declaration was made on January 11, 10 days after the new insolvency laws came into effect.
Announced by Treasurer Josh Frydenberg in September, and legislated for in December, the reforms to Australias insolvency regime include …
Read the full article at: https://www.smartcompany.com.au/finance/small-businesses-new-temporary-restructuring-relief-insolvency-laws/