The Morrison Government has extended the regulatory relief for individuals and corporations suffering financial stress during the pandemic to 31 December 2020. These temporary relief measures were due to expire on 25 September and will now remain in force until the end of the year, unless extended again.
This means, once the necessary regulations are passed, the following temporary changes will remain in place until the end of the year:
These changes do not impact a creditor's ability to enforce their rights through the courts. Please click here for our article providing background information about these changes.
If you have any queries about these temporary changes to the insolvency and bankruptcy laws, our Litigation team can help.