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Proposed Small Business Restructuring Legislation Passes House of Representatives

We have previously written about the Australian Federal Government’s proposed simplified small business restructuring process (SBRP) here and here.

The House of Representatives has passed the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 on 8 December 2020 after three readings, and it will now be debated in the Senate. As discussed in this article, the relevant Regulations have yet to be released but will be released soon.

How we can help

We have written an article on how the scheme could potentially work. If you wish to discuss the contents of any of the articles, or how the proposed SBRP can help your or your business, please contact us at our Brisbane or Gold Coast offices for an initial obligation-free consultation.

We, as registered liquidators, are qualified under the proposed SBRP to assist businesses. It is important to start the planning process before government measures end in the first quarter of 2021. There may even be other solutions for you or your business which we can help you explore.

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We’re happy to answer any questions you may have, so please don’t hesitate to call us and schedule a consultation.

BRISBANE OFFICE

Address

Level 12
127 Creek Street
Brisbane Qld 4000

Phone

Phone: 07 3221 0055
Fax: 07 3221 8885

Postal Address

GPO Box 691
Brisbane Qld 4001

Email

mail@pearceheers.com
GOLD COAST OFFICE

Address

Level 15, Corporate Centre One
2 Corporate Court
Bundall Qld 4217

Phone

Phone: 07 5630 1179
Fax: 07 3221 8885

Email

gcmail@pearceheers.com
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