Proposed Small Business Restructuring Legislation Passes House of Representatives
The House of Representatives passed the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 on 8 December 2020....
PAST ARTICLES
Struggling with Mortgage Repayments? Here’s What You Can Do
At the start of the COVID-19 pandemic, financial institutions helped customers impacted by the pandemic in the form of mortgage repayment deferments. These are due to come to an end soon. ...
Insolvent Trading Moratorium Extended
As part of the Federal Government's COVID-19 Measures, it introduced a moratorium regarding trading a business while insolvent, this has been extended to 31 December, but not without conditions. ...
Federal Government Releases Proposed Small Business Restructuring Legislation
The Federal Government has now released draft legislation for small business restructuring being the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020....
COVID-19 Support Measures for Tax Debts
The ATO has implemented COVID-19 Support Measures to ease the burden of tax debts during this time. ...
Queensland Extends Regulations Relating to Covid-19 Rent Relief Negotiations
The Queensland Government has extended rent relief negotiation provisions from 30 September 2020 to 31 December 2020. However, whilst the application of the Regulations has been extended, the Regulations have also been amended....
Simplified liquidation process; How does it work and what will it cost
The simplified liquidation process is intended to reduce the cost of liquidation and maximise the return to creditors. In this article we look at how the process will work and what it will cost....
Covid-19 Insolvency Protection Extended
Temporary protections afforded to insolvent individuals and businesses during COVID-19, were due to expire at the end of Septemeber 2020, these have now been extended until 31 December 2020. ...
How will Small Business Restructuring to Avoid Liquidation Work
We explore how the Federal Government's new proposal for small business restructuring to avoid liquidation will work in practice. ...
Coronavirus Business Disruption – Rent Relief Negotiations
At the moment, some businesses will need further rent relief from their landlord in addition to that which is mandatorily prescribed. And this is where Pearce & Heers is here to help....
Proposed New Small Business Restructuring Process
The Federal Government has proposed a new, simplified small business restructuring process for eligible small businesses....
Options for Insolvent Businesses When JobKeeper Ends
We look at what options are available if your business is facing difficulties paying its debts after JobKeeper ends....
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