To print this article, all you need is to be registered or login on Mondaq.com. On 24 September 2020 we published an article about the: "Extension of Insolvency Protections" and the impact the Commonwealth Government's "temporary insolvency and bankruptcy protections" extension to 31 December 2020 has on business and the corporate bodies in Australia. On 29 September 2020 the Australian Restructuring Insolvency & Turnaround Association issued a Practice Note about the impact of the temporary insolvency relief for directors provided by the Commonwealth Government. However, an important feature of that "reform" (or "band aid") is that there is no retrospective relief for a director's liability for insolvent trading if the relevant