4 November 2019
The Australian Small Business and Family Enterprise Ombudsman has launched an inquiry into the insolvency system to investigate if current insolvency practices achieve the best possible outcome for small and family businesses in financial trouble.
If you have faced financial difficulties, restructured or wound up your business, you can share your story by completing this survey.
The inquiry will identify areas where practices can be improved and recommend changes to the system to achieve fairer outcomes for all parties involved.
It will look at:
An interim report will be released in December with a final report to be handed down in February 2020.
Find out about:
Related news items
Free professional advice and support for eligible small business owners.
ASIC has revamped their small business resources website.
Sign up today to learn how to manage tax and super for your business.