Large companies at risk of collapse will be thrown a lifeline in this month’s federal budget, as the Morrison government moves to broaden simplified restructuring and liquidation rules.
Treasurer Josh Frydenberg: “As Australia’s economy rebuilds, it’s important as many businesses as possible have the opportunity to turn around and survive.” Alex Ellinghausen
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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
