Extension of Insolvency Relief to 31 December 2020 – $20,000 thresholds – 6 months to respond to demand
Federal and State Governments gave individuals and companies, relief from premature insolvency, in March 2020 when the pandemic began to spread. This was due to expire on 25 September 2020, but earlier in September, these measures were extended to 31 December 2020. See below for details. [Tax Month – September 2020]