The ATO’s approach to Debt Enforcement and Small Business Restructures
Date: 25 February 2022
Time: 11:00am-12:00pm AEDT (Syd, Mel), 10:00am-11:00am AEST (Bris) and 8:00am-9:00am AWST (Per)
Online - GoToWebinar
As the economy emerges from COVID-19, advisors are likely to receive calls for help from business owners whose business is struggling to pay its legacy debts. If this happens, how will you respond?
On 1 January 2021, the Small Business Restructure (SBR) process was introduced to enable eligible businesses to compromise their debts with their creditors’ agreement to maximise the chances of trading viably in the future. Unlike any other insolvency procedure, under the new SBR process, business owners remain in control of their business during the restructure.
Join our webinar, where the ATO will share its current approach to Debt Collection and Compromise. We will also share key learnings from recent SBR engagements conducted by Grant Thornton as a tool to compromise debt.
On 1 January 2021, the Small Business Restructure (SBR) process was introduced to enable eligible businesses to compromise their debts with their creditors’ agreement to maximise the chances of trading viably in the future. Unlike any other insolvency procedure, under the new SBR process, business owners remain in control of their business during the restructure.
Join our webinar, where the ATO will share its current approach to Debt Collection and Compromise. We will also share key learnings from recent SBR engagements conducted by Grant Thornton as a tool to compromise debt.
Featured Speakers
- Bronwyn du Mont, Australian Taxation Office
- Gary Busby, Australian Taxation Office
- John McInerney, Grant Thornton Australia
- Annmarie Naughton, Grant Thornton Australia
- Cameron Crichton, Grant Thornton Australia
