Update on the New Small Business Insolvency Regime – 6 Months In
We are now 6 months into the Governments “New Insolvency Regime” designed to make a formal Insolvency appointment simpler, and therefore cheaper for Small Business. To refresh your memory, here’s the summary: A new Small Business Restructuring...
Business Stress Report – July 2021 – Record low Insolvency numbers hide underlying threats
Our latest Business Stress Report highlights a significant and unexpected downturn in corporate and personal insolvencies in Australia since the Covid outbreak. But rather than be a cause for celebration regarding the impact of Covid on Australian businesses, the...
ATO Debt Enforcement to See Gradual Return
Regular readers of this blog will recall that we think the ATO’s current gentle approach to debt pursuit is one of the biggest factors in the current run of record low corporate insolvency numbers. The Government’s Insolvent Trading moratorium and cash...
The Dark Cloud of More Lockdowns Has a Silver Lining for Small Business
COVID Lockdowns have hit Australian small businesses hard without question. You only have to walk the streets of the Sydney CBD to see empty spaces where cafes and restaurants once thrived. With big business continuing to work from home, foot traffic hasn’t come...
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