ASIC’s report on Part 5.3B – small corporate business restructuring
The small corporate business ‘restructuring’ process under Part 5.3B of the Corporations Act was introduced in 2021, in some criticized haste, consistent with the stated need to address potential high rates of insolvencies during the COVID-19 crisis. Numbers of companies accessing SBR have increased, well past the ending of COVID, although no doubt with legacy […]