Mental health support for registered liquidators

Mental health support for registered liquidators

Insolvency practitioners and their staff may engage with stakeholders who are facing mental health issues. Practitioners can also face these issues in their own personal and professional lives.

This resource is a guide to information and resources that can assist when dealing with these complex personal issues. The guide can also help you and your staff respond to everyday challenges around mental health.

Insolvency reforms commence on 1 January 2021

Reforms to corporate insolvency laws commence on 1 January 2021 for companies with liabilities less than $1 million.听 These reforms include:

-a new debt restructuring process for incorporated businesses

-a new, simplified liquidation pathway for small businesses, and

-a new class of registered liquidator who can only undertake the debt restructuring process.

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Industry funding

The Government has introduced new laws that change the way ASIC is funded. Regulated entities will receive an invoice for ASIC鈥檚 regulatory services delivered in the prior year. Find out what this means for registered liquidators.

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