The Insolvency Law Reform Bill, which enhances protections for creditors and improves the efficiency of companies being wound up, has passed the House of Representatives today, Minister for Small Business and Assistant Treasurer the Hon Kelly ODwyer said.
This legislation supports the Governments commitment to modernise Australia’s insolvency and corporate reorganisation framework, Minister ODwyer said.
The Turnbull Governments National Innovation and Science Agenda outlined our commitment to support Australians setting up a business, and move the focus away from penalising and stigmatising business failure.
We are adjusting Australias personal bankruptcy and corporate insol…
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