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The Australian Small Business and Family Enterprise Ombudsman
Ombudsman welcomes landmark insolvency reforms
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed the passage of legislation, overhauling the national insolvency framework.
The legislation, which comes into effect from 1 January 2021, will make it easier for small businesses to restructure or wind up and are in line with the Ombudsman’s Insolvency Practices Inquiry final report released in July.
“These landmark reforms will give otherwise viable small businesses a chance to recover and prevent a wave of unnecessary insolvencies,” Ms Carnell says.
“It’s an absolute game-changer for small businesses, particularly those that have been heavily impacted by the COVID crisis. ....

Kate Carnell , Australian Small Business , Family Enterprise Ombudsman Kate Carnell , Insolvency Practices Inquiry , Deloitte Access Economics , கேட் கார்னெல் , ஆஸ்திரேலிய சிறிய வணிக , குடும்பம் நிறுவன ஆஂபட்‌ஸ்மந் கேட் கார்னெல் , நொடித்துப்போனது ப்ர்யாக்டிஸஸ் விசாரணை , டெலோய்ட்டே நுழைவு பொருளாதாரம் ,