Small business restructuring in Australia

Jenna Scott-Speyers and Kylie Shaw of Norton Rose Fulbright report that ASIC’s Review of Small Business Restructuring Process 2022–24 confirms the regime is rapidly maturing—with more than 3,000 appointments forecast for FY 2024-25, 87 percent of plans approved, and the ATO emerging as the main beneficiary of dividends—while warning practitioners to tighten compliance amid rising creditor scrutiny and recurring form-lodgement errors.

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