By Natasha Toholka (AU) and Cassie Mortimer (AU) on Posted in AustraliaOn 1 January 2021, significant changes to Australia’s restructuring and liquidation regime came into effect for small businesses, including a new restructuring process. These changes were announced on 24 September 2020, however many aspects of the pending changes did not become clear until the bill and associated regulations were released in December 2020. These changes… Continue Reading
By Natasha Toholka (AU) and Deborah Tsai on Posted in AustraliaA package of five legislative reforms — Commonwealth Registers Bill 2019, Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019, Business Names Registration (Fees) Amendment (Registries Modernisation) Bill 2019, Corporations (Fees) Amendment (Registries Modernisation) Bill 2019, and National Consumer Credit Protection (Fees) Amendment (Registries Modernisation) Bill 2019 — received royal assent on 23 June… Continue Reading
By Natasha Toholka (AU) and Deborah Tsai on Posted in Australia,Singapore,UKDue to COVID-19, several countries have passed (or propose to pass) coronavirus-relief legislation for business directors in financial distress.… Continue Reading
By Natasha Toholka (AU), Jenna Scott (AU) and Cassie Mortimer (AU) on Posted in AustraliaThe new Australian Financial Complaints Authority (AFCA) launches on November 1, 2018. Financial firms, including superannuation funds, will be required by law to join AFCA. AFCA has increased powers and a broader reach than its predecessor bodies.… Continue Reading
