The Australian government had extended the Insolvent Trading Provision to 31 December, if one had to say this law should be retain but needed to modify in order for the business to have the chance to restructure their business to survive during this pandemic.

What are possible risks if this law would be retain other than allowing more business to incur more debts that would harm the directors itself?

And what are other modifications can be made for the law to be more effective other than setting the debt points?