Important changes to the Small Business, Enterprise and Employment Act 2015 (SBEE Act)

The Small Business, Enterprise and Employment Act 2015, or SBEE for short, was passed on the 26th of March 2015. The bill is aimed at small businesses and covers a lot of different areas including insolvency, disqualification, public procurement, finance and employment. It is intended to aid small business competition, improve access to finance and increase opportunity for growth as well as increasing liability for company directors.Today sees the implementation of the first change in the law as a result of the SBEE Act: the abolition of ‘bearer shares’. For more information about the act visit here.