top of page

Visit our dedicated small business restructuring site for small business owners facing financial distress.

pierre-leverrier-k0Ynnf2CbKw-unsplash (1)_edited_edited.jpg

Australian Financial Security Authority (AFSA) - Temporary Debt Protection

Temporary relief periods (or temporary debt protection (TDP)) provide a crucial breathing space, akin to finding calm waters amidst a storm. This 21-day grace period, granted in the face of a creditor's court order, allows businesses a moment to restructure their finances and thoroughly consider all available routes to fulfil their obligations.

Further Reading

Title
Short Summary
ATO's Directors Penalty Notice Information
AFSA's Dealing with Debt
A guiding service offering free financial counselling for small businesses in hardship, helping navigate debt and cash flow troubles.
Deciphering A Credit Report
It also has a downloadable form ADVISE OF TAX RETURN if you choose to use an OFFICIAL TRUSTEE as your trustee.
bottom of page