There are two tiers of amendments that are included in this bill. The first tier are more significant amendments that will enable businesses, civil society organisations, local government, and others to more effectively manage the immediate impacts of the response to COVID-19 and to mitigate unnecessary and potentially longer-term impacts on society. Changes to insolvency and corporate law will increase the prospects of businesses surviving the COVID-19 response. Changes include the addition of a business debt hibernation regime that will allow companies and other entities to enter into agreements with their creditors in relation to existing debt, and adding safe harbour for insolvency-related directors' duties. Other changes include giving registrars the ability to issue exemption notices in relation to compliance with statutory obligations, and relief for entities that cannot comply with rules in their constitutions because of COVID-19. 