{{ propApi.closeIcon }}
Our industry
Our industry $vuetify.icons.faArrowRight
Housing industry insights Economics Insights Data & forecasts Tailored research and analysis Advocacy & policy Advocacy Policy priorities Position statements Submissions News and inspiration Industry news Member alerts Media releases HOUSING Online
Business support
Business support $vuetify.icons.faArrowRight
For your business Contracts Online Safety systems & solutions HIA Tradepass Advertise jobs Member perks Toyota vehicles The Good Guys Commercial Ampol fuel savings See all Industry insurance HIA Insurance Services Construction works insurance Home warranty insurance Tradies & tool insurance Apprentices Why host a HIA apprentice? Hire an apprentice Support & guidance Contracts & compliance support Building & planning services
Resources & advice
Resources & advice $vuetify.icons.faArrowRight
Building it right Building codes Australian standards Getting it right on site See all Building materials & products Concrete, bricks & walls Getting products approved Use the right products for the job See all Managing your business Dealing with contracts Handling disputes Managing your employees See all Managing your safety Safety rules Working with silica See all Building your business Growing your business Maintaining your business See all Other subjects Getting approval to build Sustainable homes See all
Careers & learning
Careers & learning $vuetify.icons.faArrowRight
A rewarding career Become an apprentice Apprenticeships on offer How do I apply? Frequently asked questions Study with us Find a course to suit you Qualification courses Learning on demand Professional development courses A job in the industry Get your builder's licence Continuing Professional Development (CPD) Further your career Find jobs
HIA community
HIA community $vuetify.icons.faArrowRight
Join HIA Sign me up How do I become a member? What's in it for me? Mates rates Get involved Become an award judge Join a committee Partner with us Our initiatives HIA Building Women GreenSmart Kitchen, bathroom and design hub Get to know us Our members Our people Our partners Support for you Charitable Foundation Mental health program
Awards & events
Awards & events $vuetify.icons.faArrowRight
Awards Awards program People & Business Awards GreenSmart Australian Housing Awards Awards winners Regional Award winners Australian Housing Award winners 2024 Australian Home of the Year Enter online Industry events Events in the next month Economic outlook National Conference Events calendar
HIA shop
HIA shop $vuetify.icons.faArrowRight
Most popular products National Construction Code Vol 1 & 2 Waterproofing wet areas AS 3740:2021 HIA Guide to Waterproofing HIA Guide to NCC Livable Housing Provisions Top categories Building codes & standards Contracts & documents Guides & manuals Safety products Signage For your business Contracts Online Digital Australian Standards Digital Resource Library Forecasts & data
About Contact Newsroom
$vuetify.icons.faTimes
$vuetify.icons.faMapMarker Set my location Use the field below to update your location
Address
Change location
{{propApi.title}}
{{propApi.text}} {{region}} Change location
{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location

$vuetify.icons.faPhone1300 650 620

Insolvency options to support small business

Small businesses in financial distress can now access a simplified debt restructuring process so they can more easily pay back outstanding debts.
{{ tag.label }} {{ tag.label }} $vuetify.icons.faTimes

Small businesses with total liabilities of less than $1 million that are in financial distress can now access a faster and less complex restructuring or liquidation process.

The simplified debt restructuring process allows eligible small businesses to work with a Small Business Restructuring Practitioner (SBRP) to develop a debt restructuring plan. The plan provides a simplified process for businesses to pay back the debts they owe their creditors.

A simplified liquidation process is also now available to companies looking to wind up. It has been modified to reduce the reporting and investigative burden on businesses already in financial trouble.

This resource outlines how the simplified debt restructuring and liquidation processes work and what criteria need to be addressed to begin both processes.

It includes a number of helpful links to state-specific resources that can help businesses with free independent and confidential advice on managing debts and dealing with creditors.

Also included are additional links to the debt restructuring process and an Australian government fact sheet on the process.     

Access this resource now

$vuetify.icons.faSearchPlus

Non-Member price

{{product.currencySymbol}}{{product.listPrice | asCurrency}}

Member price

FREE

{{product.currencySymbol}}{{ membersPrice | asCurrency}}

Login or create an account Add to cart $vuetify.icons.faPlus Login or create an account Get it now $vuetify.icons.faArrowToBottom
Item added to cart

Please proceed to cart to checkout Cart

Item not added to cart

Please try again

$vuetify.icons.faTimesCircle
Didn’t find what you were looking for?

Who is it for?

Building Professionals

This resource is designed for owners of small businesses in financial distress who want to develop a simplified debut restructuring plan or liquidation plan.   

What does it include?

  • The simplified debt restructuring process 
  • Which businesses are eligible for debt restructuring
  • The simplified liquidation process 
  • What criteria need to be met for the simplified liquidation process. 

Become a HIA member today

Join Australia’s largest residential building association to gain access to a huge range of industry products and business services. We can help you manage, operate and grow your business.