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Small business restructuring practitioner (SBRPs)
Even the strongest businesses can sometimes find themselves in difficult circumstances.
Until recently, small business owners had few viable options for managing mounting debt and unfortunately many were left with no choice but to close their doors or liquidate.
However, with the introduction of the Small Business Restructuring (SBR) process, a powerful new alternative is now available.
This streamlined, legally backed pathway gives eligible businesses the chance to restructure their debts, continue operating, and regain stability—all while keeping control firmly in the hands of the directors.
Small Business Restructure Eligibility Check
Answer a few quick questions to see if your business is eligible for a Small Business Restructure (SBR). If you qualify, we’ll connect you with a local expert who can guide you through the process and help you take the next step with confidence.
When should you engage a small business restructuring practitioner?
Ideally, you should reach out to a restructuring specialist as soon as you become concerned about your company’s ability to stay afloat.
The faster you start a conversation, the more options will be available to you.
There is also a limited window to start the process before you could become personally liable for insolvent trading.
Some signs that it is time to start a conversation could be:
You are behind on debt repayments
You’re worried about employee entitlements
Expenses frequently exceed revenue
You want to assess the ongoing viability of your business
Your business is struggling
You are struggling to pay tax debts
FAQs about the Small Business Restructuring Process
SBR is a streamlined formal process introduced on 1 January 2021 by the Australian Government to help small and medium-sized businesses facing financial distress. It enables businesses to restructure their debts while continuing to trade, with the assistance of a registered Small Business Restructuring Practitioner (SBRP)
To be eligible, the business must:
- Have total liabilities not exceeding A$1 million
- Be up to date with tax lodgements and employee entitlements—including superannuation and wages
- Ensure that current and recent directors have not overseen a company under simplified liquidation or restructuring within the last seven years
Key advantages of SBR include:
Directors retain control of the business, unlike in voluntary administration where control shifts to administrators.
It causes less operational disruption, helping preserve relationships with suppliers and customers
Engage a qualified SBR Practitioner (registered liquidator) to assess eligibility and assist in developing a restructuring plan Learn more >>
Within 20 business days, the SBRP works with the directors to compile a restructuring plan Learn more >>.
Creditors then have 15 business days to vote on the proposal Learn more >>.
The business continues operating as usual throughout this period
For NDIS providers, SBR is particularly valuable since it allows:
Continued care for vulnerable clients without interruption
Collaboration with creditors to support continuity of services
Development of a structured recovery plan tailored to maintaining service quality
Early intervention is crucial. Businesses that delay can lose restructuring options and face greater risk, including personal liability for directors due to insolvent trading. Learn more >>
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