acquisition and sale of business

EXTENSION OF TEMPORARY RELIEF FOR FINANCIALLY DISTRESSED BUSINESSES

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The Federal Government has announced that it will continue to provide regulatory relief for businesses that have been impacted by the Coronavirus crisis by extending temporary insolvency, and bankruptcy protections until 31 December 2020.

Businesses who have not become insolvent or gone into administration, should take advantage of the extensions of the temporary measures to examine their current operations, restructure and wind down, and position themselves to take advantage of the new economic environment that will emerge from the wake of the current Coronavirus crisis.