Pretty amazing to see what happens when Federal politicians work together to pass legislation that is (in the most part) in the best interest of Australians.
Last night 10 out of 11 Coronavirus Bills were passed by the House of Reps and the Senate. Awesome work to all involved, especially as these 11 Bills were only introduced yesterday.
The last Bill, called ‘Coronavirus Economic Response Package Omnibus Bill 2020’ had amendments made, so the House of Reps must reconsider those amendments today. This Bill includes the new laws about statutory demands and the suspension of insolvent trading.
We await the introduction of the new Rules and Regulations, in support of these Bills. For further information about these Bills, please reach out to me, your lawyer or your accountant.
#insolvency svvoidables covid19
