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Recorded Webinars

Recorded Webinar: Throwing a Lifeline: The Small Business Restructuring Framework

The small business restructuring framework offers directors a lifeline to manage financial distress without losing control of their business. But is it the right fit for every situation? With the ATO ramping up efforts to claw back more than $35bn in debt, the number of company di
PRESENTED BY Peter Mills Consulting Principal - Keypoint Law , Brisbane

Date/Time

About the Webinar

The small business restructuring framework offers directors a lifeline to manage financial distress without losing control of their business. But is it the right fit for every situation? With the ATO ramping up efforts to claw back more than $35bn in debt, the number of company directors appointing liquidators to restructure their failing small businesses are likely to significantly increase. This session will explore the framework’s mechanics, benefits, and potential pitfalls to equip advisors with the knowledge to guide their clients effectively. Key topics include:

  • The key features of the small business restructuring framework, including eligibility criteria, process timelines, and how it differs from other insolvency regimes.
  • The role and responsibilities of directors throughout the restructuring process, including how to navigate legal duties and maintain compliance under the Corporations Act.
  • The function of the Small Business Restructuring Practitioner (SBRP), their interactions with directors, and their critical role in facilitating a successful restructuring plan.
  • How to prepare a robust restructuring plan, address creditor concerns, and optimize the chances of acceptance and implementation
  • Case studies of successful and unsuccessful restructurings to identify practical insights, recurring challenges, and strategies for achieving better outcomes
  • The advantages and limitations of the framework, including how to assess whether it’s the best option for a client’s circumstances and how to manage risks effectively

Presented By

Peter Mills
Consulting Principal, Keypoint Law Brisbane, Qld

Peter is a senior commercial litigator with expertise in corporate insolvency, creditor recoveries and strata title communities. He is an experienced advisor on the National Consumer Credit Protection Act and the Personal Property Securities Act and strata title communities laws, and acts in credit, finance and strata title community schemes related litigation.

Peter’s experience in Personal Property Securities, Credit Law and Insolvency exceeds 20 years, having held senior positions in national and international law firms throughout his career.

Peter advises a wide range of clients, including trade suppliers, builders and sub-contractors, motor dealerships, accountants, Agri businesses, private financiers, controllers (voluntary administrators and liquidators), strata title community schemes, SMEs, subsidiaries of local and overseas companies and other law firms.

Peter is a former President in the Queensland Division of the Australian Institute of Credit Management (AICM), and he has been a member of the Queensland Law Society’s Banking and Financial Services Committee for over 10 years.

Peter is a Working Group Member of the UK Secured Transactions Law Reform Project which aims to examine and consider future reform in English Law relating to secured transactions.

Peter sees his role as an opportunity to do work that he loves for clients he enjoys working with. He is passionate about achieving the best outcome for his clients, helping his clients secure and recover debts and assets, and strengthen their balance sheets, by effecting efficient compliance and enforcement under relevant laws.

Peter joined Keypoint in 2024 and is based in Brisbane.

Who Should Attend?

This webinar is suitable for lawyers practising in commercial law – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Lawyers can claim up to 1 CPD unit/point – substantive law. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

WA lawyers – Please note that TEN is unable to verify your completion of recorded webinars to the Legal Practice Board of WA. TEN is an accredited provider.

While TEN takes all reasonable care to include accurate and up-to-date information regarding CPD category classifications and compliance obligations, information regarding CPD point allocation are provided as a guide only. Allocation of CPD points is subject to the CPD requirements of your jurisdiction, personal circumstances and professional requirements. You are solely responsible for determining whether a particular product is appropriate for your CPD requirements.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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