COVID-19 Australia: Temporary changes to insolvency laws: Government addresses COVID-19 financial distress | Practical Law
The Australian federal government has now passed temporary amendments to insolvency and corporations laws in light of the challenges the 2019 novel coronavirus (COVID-19) poses to many otherwise profitable and viable businesses. Those changes include temporary relief for financially distressed businesses and individuals, as well as temporary tailored tax solutions for struggling businesses, as outlined in this article.