06 Jan Insolvency Practices Inquiry discussion paper released
The Australian Small Business and Family Enterprise Ombudsman has released a discussion paper, seeking feedback on developing a best practice framework for small businesses facing insolvency and for practitioners managing external administrations.
“In releasing this discussion paper, we’ve outlined the key pain points for small businesses as well as the challenges for registered liquidators.
“In the meantime, this discussion paper poses a number of questions we are seeking feedback on, particularly around the transparency of the insolvency process,” said Australian Small Business and Family Enterprise Ombudsman, Kate Carnell.
Submissions close on Monday 27 January 2020, with the final report due date at the end of March 2020.
Find out more and view the discussion paper.