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The Government has extended temporary insolvency relief until 31 December 2020 and the Treasurer has announced the Government’s intention to introduce a new insolvency process under which incorporated businesses with liabilities of less than $1 million will be able to keep trading without an administrator while they develop a debt restructuring plan which will be voted on by creditors. The intention is for this new insolvency regime to start from 1 January 2021, following on… Continue Reading Insolvency Reform announced
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