Credit management during a pandemic
Ep 07 How to navigate the new insolvency legislation in Australia
February 10, 2021
Special guest Daniel Turk, a Partner from Turks Legal, talks about the new insolvency legislation that came into effect on 1 January 2021 in Australia. He provides valuable insight on:
- The Temporary Restructuring Relief legislation which will cease at the end of March 2021
- The Business Restructuring Regime where a restructuring practitioner is appointed and has four weeks to prepare a plan to creditors
- Proposed changes to bankruptcy reforms for sole traders
- A simplified liquidation procedure for companies being wound up by liquidators with debts of less than $1m
Support material
View the Australian Government media release on insolvency reforms here.
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The best credit management podcast for business owners & finance experts looking for new ways to manage cash flow and collect outstanding payments during the coronavirus pandemic. These expert insights are for businesses trading with other businesses.
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