NEW DIRECTOR RESIGNATION RULES
NEW DIRECTOR RESIGNATION RULES by Padmini Saheb Section 203AA of the Act (“Act”) provides that a Resignation of a Director will now take effect: If, within 28 days after the day the person stopped being a Director of the Company, ASIC is notified of that fact, the day the person stopped being a Director of […]
INSOLVENCY REFORMS TO ASSIST SMALL BUSINESSES RESTRUCTURING
INSOLVENCY REFORMS TO ASSIST SMALL BUSINESSES RESTRUCTURING by Padmini Saheb From 1 January 2021, the Government undertakes Insolvency Reforms to plan to keep businesses in business and Australians in jobs. The Reforms, are to assist Small Businesses restructure and survive the economic impact of COVID-19. The Key Elements of the Reforms are: The introduction of […]