Category: Uncategorized
Changes to small business insolvency rules
As part of its ongoing reforms to assist businesses hit by the COVID-19 Pandemic, the Federal Government has announced plans to change insolvency law by giving small business-owners more control over their ailing businesses. While the Government’s bill containing the proposed changes is yet to be released, Treasurer Josh Frydenberg outlined the proposed changes in…
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- Uncategorized
New Anti-Phoenixing Laws
The Federal Government has recently passed new legislation further strengthening its ability to combat illegal phoenix activity and those who engage in it. Illegal phoenix activity has been described by the Australian Securities & Investments Commission as being where a new company is created to continue the business of an existing company that has been…
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- Bankruptcy