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Published by Foez Dewan
Sep 7, 2020 in COVID-19

Federal Government extends the COVID-19 insolvency protections until 31 December 2020

Today, in a joint media release Treasurer Josh Frydenberg and Attorney General Christian Porter have announced that the Federal Government's temporary insolvency and bankruptcy protections will be extended until 31 December 2020. Regulations will be passed to increase the threshold at which creditors can issue a statutory demand on a company, and the time frame in which companies have to respond.But for such regulations, the changes that had...
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