Submission to the Productivity Commission’s Report into Competition in Human Services
Related Projects
Submission – Independent Review of the Australian Small Business and Family Enterprise Ombudsman (ASBFEO)
FCA has provided a submission to Treasury for the Independent Review of the Australian Small Business and Family Enterprise Ombudsman (ASBFEO). The submission includes insights from the Small Business Debt Helpline, which interacts with ASBFEO.
Corporate Insolvency
Submission to: Parliamentary Joint Committee on Corporations and Financial Services
Drawing on the casework experience of the Small Business Debt Helpline (www.sbdh.org.au) the submission notes that the both Small Business Restructuring Reforms and Simplified Liquidation Reforms have had little impact. Our recommendations include that director guarantees be bound within restructuring proposal terms, the establishment of a government-funded corporate winding-up service operated by ASIC, expanding the limit on unfair preference claims of $30K against unrelated creditors from simplified liquidation to all creditor voluntary liquidations and court liquidations, and a voucher system providing access to accounting, business and legal advice for vulnerable small businesses.
Drawing on the casework experience of the Small Business Debt Helpline (www.sbdh.org.au) the submission notes that the both Small Business Restructuring Reforms and Simplified Liquidation Reforms have had little impact. Our recommendations include that director guarantees be bound within restructuring proposal terms, the establishment of a government-funded corporate winding-up service operated by ASIC, expanding the limit on unfair preference claims of $30K against unrelated creditors from simplified liquidation to all creditor voluntary liquidations and court liquidations, and a voucher system providing access to accounting, business and legal advice for vulnerable small businesses.