Uncontrollable Debt? The Small Business Restructure Framework May Help

Small companies operating as Pty Ltd businesses may be eligible to use the ATO's Small Business Restructure (SBR) process if facing financial difficulty. 

The framework allows eligible companies to work with creditors to manage or reduce debts while continuing to trade without handing control of the business. 

It applies only to incorporated companies with relatively simple debt structures and does not extend to sole traders. 

Click here to learn more about eligibility and how the SBR process may assist if your business is experiencing financial pressure.