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Avg. Debt Relief
AusGov small business restructuring
Small businesses fuel our economy, and their resilience is key. Introducing a new solution to rising tax debt, the AusGov small business restructuring (SBR) process. It offers a lifeline to struggling businesses, enabling them to keep to their doors open, and create a plan to reduce their debt.
Step-by-step guide
An AusGov small business restructuring guide, what to expect on the SBR process…
Business Eligibility
Finding out of you’re eligible has never been easier, SBR is designed for small businesses is distress…
Is your business eligible for SBR?
Take our eligibility test to see if your business qualifies for the AusGov small business restructuring process.
You're a company
You are incorporated, and trading as a company
Debts under $1m
Total debts must not exceed $1m AUD to be eligible for SBR
You're up-to-date
You're up-to (or close) on your BAS and staff entitlements
Frequently Asked Questions
The Australian Bureau of Statistics (ABS) defines a small business as a business employing fewer than 20 people. Categories of small businesses include:
- Micro-businesses – these businesses employ between 1 and 4 people. This category includes non-employing businesses.
- Other small businesses – these businesses employ between 5 and 19 employee
eligible, your business must:
- Be a company (Not a sole trader)
- Have less than $1m in debt
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
- accruing losses
- cashflow difficulties,
- overdue taxes and lodgments
- legal issues
- difficulty gaining access to new credit
Small Business Restructuring
Don’t hesitate to reach us!
Olvera First are your SBR experts.
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.
Olvera First Case Studies
