April 28, 2020
What is a section 27 statement?
This short article is designed to help vendors understand the section 27 statement process and how it is used to gain access to your deposit early.
Sanin Pasagic
This short article is designed to help vendors understand the section 27 statement process and how it is used to gain access to your deposit early.
On 25 March 2020 the Federal Government passed legislation to give relief to businesses and individuals during the coronavirus pandemic. This article seeks to summarise those changes to Bankruptcy Notices and Creditor’s Statutory Demands. https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Providing_temporary_relief_for_financially_distressed_businesses.pdf
During these uncertain times with COVID-19 changing the global landscape, it is important to engage in forward planning to ensure that your loved ones are not left with an added burden if you pass away unexpectedly.
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