Financial Recovery 2020 – ARITA’s 8-point plan to strengthen the insolvency regime

ARITA has published an 8-point plan to improve Australia’s business rescue culture, better help indebted individuals back onto their feet, and ensure that creditors get a fairer deal from insolvency.

There are strong indications that the Australian economy is heading for a downturn. And when economic conditions become more challenging insolvencies inevitably rise.

So the time is ripe for politicians and policymakers to address the pressing need for reform in Australia’s insolvency regime.

If we can strengthen our insolvency regime now, we can help minimise the fallout from the next downturn and ensure the economy returns to growth as soon as possible.

Using the insight and experience of ARITA Professional Members, we have drafted a brief 8-point plan suggesting ways that policymakers and regulators can enhance Australia’s business rescue culture, better help indebted individuals back onto their feet, and ensure that creditors – from small businesses to the taxpayer – get a fairer deal from insolvency.

Download Financial Recovery 2020