Small businesses fuel our economy, and their resilience is key. To tackle the rise of small business tax debt, the Australian Government has introduced the small business restructuring process, which offers a lifeline to struggling small businesses, enabling them to keep their doors open and create a plan to reduce their debts
An AusGov small business restructuring guide, what to expect on the SBR process…
Finding out of you’re eligible has never been easier, SBR is designed for small businesses is distress…
A simple, fixed payment to reduce your business debt and keep your staff employed…
Start the SBR process with Olvera First.
Take our eligibility test to see if your business qualifies for the AusGov small business restructuring process.
The Australian Bureau of Statistics (ABS) defines a small business as a business employing fewer than 20 people. Categories of small businesses include:
eligible, your business must:
A company is insolvent when it is not able to pay all the company’s debts when they become payable.
Warning signs that a company is insolvent include
The process is simple and is designed to give you greater time without payment pressure from suppliers and allow you to focus on your own business to make sure it survives.
AusGov small business restructuring will allow you to remain in control of your business while we work with you to develop a restructuring plan – meaning your business can continue to trade, keep the doors open and employ staff.