We have recently launched a campaign to support small businesses that may be experiencing financial difficulty, especially because of the COVID-19 pandemic. We understand that the effects of the pandemic are still being felt by many industries and we are committed to helping businesses make sound decisions during these tough times.
As part of the campaign, we have launched a new page on our website: afsa.gov.au/small-business.
The page includes important information such as:
- what steps to take when experiencing financial difficulty
- different options available such as debt agreements, temporary debt protection (TDP), personal insolvency agreements (PIA) and bankruptcy
- restrictions and impacts on business when entering bankruptcy
- the importance of seeking trusted advice early.
We have provided links to external websites that provide free, independent and confidential resources and services to small businesses experiencing financial difficulty.
We have also launched a social media campaign on our Facebook page to target businesses and individuals running businesses that may benefit from our information. To receive our campaign updates, you can follow us on Facebook, Twitter or LinkedIn.