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The most significant changes include:
- The Bankruptcy Amendment (Debt Agreement Reform) Act 2018 amended the provisions for Debt agreements and these amendments will commence on 27 June 2019. These reforms provide tighter regulation of the debt agreement regime.
- The Treasury Laws Amendment (2017 Enterprise Incentives No 2) Act 2017 amending the Corporations Act effective 19 September 2017 by creating a safe harbour for company directors from personal liability for insolvent trading if the company is undertaking a restructure outside formal insolvency.
- Changes to ASX Listing Rules and guidance notes affecting the criteria for initial public offerings, as well as the introduction of the safe harbour and ipso facto provisions in the Corporations Act relevant to distressed acquisitions and restructuring transactions.