Avg. Debt Relief
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.
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…
Take our eligibility test to see if your business qualifies for the AusGov small business restructuring process.
You are incorporated, and trading as a company
Total debts must not exceed $1m AUD to be eligible for SBR
You're up-to (or close) on your BAS and staff entitlements
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.