There are a number of Australia government programs that may be able to help you get your small business out of debt even though there is no official Australia government debt consolidation agency or department. There are programs that can help, because The Australian government is well aware of the fact that small business debt can hinder or even prevent a small business from being a productive contributor to the nation’s economy. Australia government debt consolidation efforts exist in the form of government funding sources for small business that may provide you with the financial assistance you need in order to pay your debts to their original sources, effectively transferring that debt to the government program. The benefit of doing so would be to reduce your payments and place you on a single, consolidated repayment schedule, and subsequently improve the chances of your small business being able to turn things around and become profitable. Not every source of business funding that may be able to help out in this way will declare itself to be a government debt consolidation program specifically, so be certain to look around before applying for any sort of Australia government business funding assistance.
You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.