Temporary relief from insolvent trading (COVID-19 response) | Practical Law
This update provides an overview of the temporary statutory relief from insolvent trading introduced by the federal Parliament in response to the outbreak of the 2019 novel coronavirus disease (COVID-19), which commenced on 25 March and ceased on 31 December 2020 (in most cases). It also explains the temporary extension of this relief for eligible small businesses from 1 January to 31 March 2021.