We have previously discussed the Australian Federal Government’s proposal for a simplified small business restructuring process (SBRP). Key features and requirements were covered by the article. The House of Representative on 8 December 2020 passed the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 after three readings. It is now slated to be debated in the […]Read more
A new proposed liquidation process has been announced recently by the Australian Federal Government. The new streamlined liquidation procedure is intended to the reduce the cost of liquidation and hence maximise creditors’ return.Read more
Article by Mark Davidson, Tax Debt Solved, Gold Coast Office. Failing to pay superannuation; Government proposes superannuation guarantee amnesty Whilst it appears that the ATO is pushing for a number of harsh penalties recently, there is legislation that will provide relief for some employers. The Government has proposed a superannuation guarantee amnesty, which will provide […]Read more
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