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ARTICLE · 26 SEPTEMBER 2020

Update - Extension of insolvency protections

Kott Gunning
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Regulations confirm the extension of the "temporary insolvency and bankruptcy protections" until 31 December 2020.

AustraliaInsolvency/Bankruptcy/Re-Structuring
Ryan Lennon
Ryan Lennon
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On 10 September 2020, Kott Gunning published an article discussing the Commonwealth Government's extension of its: "temporary insolvency and bankruptcy protections" until 31 December 2020.

Yesterday the Corporations and Bankruptcy Legislation Amendment (Extending Temporary Relief for Financially Distressed Businesses and Individuals) Regulations 2020 (Cth) came into effect.

Those regulations amend the Corporations Regulations 2001 (Cth) and the Bankruptcy Regulations 1996 (Cth) and confirm the extension of the: "temporary insolvency and bankruptcy protections" until 31 December 2020.

As we discussed in our article published on 10 September 2020 the Treasure's "power" to:

  • amend or modify; or

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