Articles

End to COVID-19 insolvency protections a win for creditors

On 1 January 2021, new insolvency reforms to support small business commenced and COVID-19 temporary insolvency protections came to an end. This is good news for creditors who c…

Modern slavery reporting – are you compliant?

On 1 January 2019, the Modern Slavery Act 2018 (Cth) (Act) commenced and introduced a new statutory requirement for eligible companies to assess and report on the risks of modern s…

Proposed responsible lending reforms

The Australian Government has announced responsible lending reforms which aim to reduce the time and cost associated with accessing credit for both consumers and businesses. These …

Extension of Temporary Relief for Financially Distressed Businesses

After much speculation, Treasury has announced that the temporary protections for financially distressed businesses will be extended beyond the initial six month period to 31 Decem…

Commercial rent relief for SME tenants

Rent reductions for a period of six months are available to small to medium sized businesses. Qualifying tenants will have an annual turnover below $50 million (excluding any gr…

‘GOOD FAITH’ DEFENCE — a recent decision tests the effectiveness of the defence

Author – Nicholas Boyce A recent test of the 'good faith' defence in resisting a preference claim highlights the effectiveness of having your recovery processes in order and …