Australia: New Small Business Insolvency Reforms How Statutory Demands will change from 1 January 2021

In brief

The new small business insolvency reforms enacted by the Corporations Amendment (Corporate Insolvency Reforms) Act 2020 (Corporations Amendment Act) - which inserts a new Part 5.3B into the Corporations Act 2001 (Cth) (Corporations Act) - are due to come into effect on 1 January 2021.

Filed under:
Australia, Capital Markets, Insolvency & Restructuring, Baker McKenzie, Coronavirus
Authors:
Maria O'Brien , Peter Lucarelli , Ian Innes
Location:
Australia
Firm:
Baker McKenzie