The COVID-19 pandemic has created a number of significant challenges for Australian businesses, and it seems these challenges are not over yet.

The temporary relief measures for financially distressed businesses and individuals that were introduced in March 2020 expired on 31 December 2020.

Although new insolvency reforms took effect from 1 January 2021, which are designed, in part, to help small companies survive insolvency, the recent wave of COVID-19 outbreaks and the consequential restrictions and lock-downs present further challenges for Australian businesses.