Business
Businesses can keep trading: Bankruptcy law changes to keep firms open – Sydney Morning Herald
Business owners will have a faster way to fend off financial collapse using new bankruptcy laws giving them more control over how they restructure their debts.
“The reforms are a critical part of our economic recovery plan and will help to boost business confidence and dynamism across the economy by allowing viable businesses to survive as our economy rebuilds,” Mr Frydenberg said.
The changes come as Mr Frydenberg resets fiscal policy to drop old assurances about a return to surplus amid widespread estimates the October 6 budget will show a deficit of more than $200 billion.
The Treasurer will use a speech on Thursday to outline a two-step strategy …
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