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Visit our dedicated small business restructuring site for small business owners facing financial distress.
The ACCC and ASIC have released a detailed guideline explaining how debt collection practices are regulated under Commonwealth consumer protection law. It sets out how each agency enforces the law, defines key terms such as 'debt' and 'debtor' (including alleged debts and debtors), and includes appendices covering agency responsibilities and a glossary of terms to help collectors and creditors understand their obligations.
Further Reading
Title | Short Summary |
|---|---|
Small Business Debt Helpline | A guiding service offering free financial counselling for small businesses in hardship, helping navigate debt and cash flow troubles. |
NSW Small Business Commission Mediation Service | Mediation services for small businesses in financial strain due to disputes, especially within the building and construction industry. |
Is Your Business Experiencing Financial Difficulty? - AFSA | AFSA's guide for small businesses facing financial difficulties, offering direction for debt management and legal responsibilities. |
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