Advocacy

Future Thinking, Unified Voice.
Proud Member of COSBOA.

To keep up with a rapidly changing profession, economy and society, the ABRT must be adaptive too. The restructuring and turnaround profession should not stand still.

In order to stay relevant – to our members, our stakeholders and the broader economic, social, and political landscape in which we operate – and to be at the peak of professional standards, it’s vital we collaborate to determine what needs change and how we approach it. 

The nature of business restructuring and turnaround is changing. There is a greater emphasis on early intervention with struggling business owners. This not only protects and preserves business goodwill, value and jobs, it can also help business owners’ health and general well-being. 

The recycling, sculpting and reinvention of viable business models is essential for encouraging entrepreneurial risk, developing talent, protecting jobs and  sustainable economic regeneration.  

There is growing support for creditors to support a turnaround and restructuring initiative prior to a business utilising formal insolvency procedures. Efficient restructuring and turnaround systems play a fundamental part in helping economies transition between economic cycles. Australia must continue to develop a world-class framework so it can keep up with other jurisdictions. 

The restructuring and turnaround profession has its own insights on the economy to share. The ABRT will make sure members’ voices and views are heard by policymakers, the media and other key stakeholders. 

ABRT Members are encouraged to put forward their submissions for consideration by the Board (email advocacy@abrt.org.au). 

 

The Association for Business Restructuring and Turnaround (the ABRT) is a proud member of the Council of Small Business Organisations Australia (COSBOA). Founded in 1977, COSBOA was created by people who believed that small business needed a voice. As a result, COSBOA is now the country’s peak body exclusively representing the interests of small businesses.

The ABRT aligns with the goals of COSBOA, which are to:

  • Promote and support the development of small businesses in Australia;

  • Advocate advancing the interests of small business in Australia, including through policy change and regulatory reform;

  • Foster an increased awareness and understanding of the role of small business in Australia amongst public servants and elected government officials, larger businesses, the media and the general community.