Newsletter

The Australian Government has announced the most significant changes to the Australian Insolvency framework in almost 30 years. These reforms have been proposed in an effort to support small business amidst the potential impact of COVID-19. The changes are proposed to take effect from 1 January 2021 and will affect incorporated businesses with liabilities of less than $1 million.

This month’s newsletter features a press release from the HIA discussing that population growth and access to housing finance will be key to Victoria’s economic recovery. There is also a lead article discussing possible implications of the temporary protections for financially distressed businesses .

This month’s newsletter features a piece on “The ‘false comfort’ of extended temporary insolvency law measures and the need for deeper structural reform” written by Scott Atkins and Kai Luck. There is also an article explaining the close working relationship that BICB has developed with AMPAC Debt Recovery to build greater awareness of each other’s services throughout the the building and construction supply sector.

This month’s newsletter features a piece on “HIA forecasts new home building to fall in half” written by Business News Australia. There is also an article explaining the close working relationship that BICB has developed with AMPAC Debt Recovery to build greater awareness of each other’s services throughout the the building and construction supply sector.

This month’s newsletter features a piece on “Personal Guarantees Gone Wrong” written by Karl Hill. There is also an article discussing the sharp fall in the number of building industry insolvencies in April.