Articles tagged with 'SMB' | ASIC

ASIC news hub (SMB)

2021
01
April
2021
| 14:21 Australia/Sydney
Unfair contract terms protections have applied to most small business contracts since November 2016. From 5 April 2021, these protections will be extended to include insurance contracts which small businesses enter into or renew, and terms in exis...
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22
March
2021
| 15:11 Australia/Sydney
Unfair contract terms protections will apply to consumer and small business insurance contracts entered into or renewed from 5 April 2021, and to terms in existing contracts that are varied from 5 April 2021. ASIC has conducted a targeted review o...
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18
January
2021
| 13:10 Australia/Sydney
The Australian Government introduced insolvency reforms for small businesses that came into effect on 1 January 2021, including temporary restructuring relief. These reforms extend some of the temporary measures introduced in March 2020 in response t...
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2020
29
December
2020
| 13:05 Australia/Sydney
New insolvency reforms apply to incorporated small businesses with liabilities of less than $1 million. Reforms include new debt-restructuring and simplified liquidation processes. Government is creating a new ‘class’ of registered liquidator who...
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02
December
2020
| 14:40 Australia/Sydney
Identify the issues you need to consider if financial difficulties are affecting your small business. Three important questions all SME company directors should ask if the business is facing financial difficulty. This video outlines information f...
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02
December
2020
| 14:38 Australia/Sydney
The legal obligations imposed on a company director are complex and serious. A company director can be exposed to personal liability or may be found civilly liable, or even criminally convicted, for conduct relating to how they run a company or ho...
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02
December
2020
| 14:34 Australia/Sydney
If a small business owner starts to feel like running their company is becoming difficult, what should they do? ...
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24
November
2020
| 16:36 Australia/Sydney
Company and business name registrations increased slightly in the first nine months of 2020 compared to 2019. Guidance and support are available for companies and small business owners impacted by the COVID-19 pandemic. There has also been a chan...
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17
July
2020
| 13:07 Australia/Sydney
Fewer companies were registered with ASIC in the first six months of 2020 compared to the first six months of 2019. In the same period, the number of newly registered business names increased. Advice and support are available for companies and sm...
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22
June
2020
| 10:00 Australia/Sydney
As the director of a company trading a business, it’s your legal duty to monitor the financial position of your business to ensure it can pay its debts when they are due. Temporary relief measures introduced by the government in response to COVID-...
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22
June
2020
| 09:00 Australia/Sydney
If your company has been impacted financially by the COVID-19 pandemic, this article provides information on closing, winding-up or restructuring a company. Advice and support are available for small business owners. Mental health resources – whe...
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