Insolvency Law Reform

Traill insolvency conference 1-2 May – the ILRA changes – pre-sale closes tomorrow – 31 March

For those registered at Rosie Traill’s excellent annual conference, and those who register by the early bird deadline tomorrow, Friday 31

Pre-insolvency or restructuring professionals – “Pifors”

At a conference held on 24 March by the QUT Commercial and Property Law Research Centre, a presenter, Dr Georg

Insolvency law’s unfortunate ‘split commencement’

The unfortunate decision of the government to split the commencement date of the ILRA 2016 has created confusion, compounded by

Our new insolvency reforms … tired of waiting

I became tired of waiting for a government response to the commencement of the Insolvency Law Reform Act 2016 on 1 March

Australia’s first/worst insolvency reforms in many years – but she’ll be right….

Australia has implemented its first major insolvency reforms in many years but rather than being seen as an achievement they are

New insolvency laws now, with practitioners invited to implement some of the further new law before September

The first tranche of the changes effected by the Insolvency Law Reform Act 2016 commenced on 1 March 2017.  The

New insolvency laws commencing 1 March – Q&A

This series of questions and answers address many of the issues with which practitioners and lawyers will be confronted in

The Law in the Insolvency “Law” Reform Act 2016

The law has not been given much attention in the recent CLE and professional offerings on the new insolvency laws, with their

Insolvency reforms – what to expect in the first few weeks

This explains what insolvency practitioners, and lawyers, may immediately confront in the first weeks or so of the new law,

Discipline process in insolvency — from 1 March 2017 – corporate

[a more detailed coverage] Replaces CALDB A discipline committee convened by ASIC under s 40-45 of the Corporations Schedule replaces

The new insolvency laws – what to expect in the first weeks

What will liquidators, trustees and lawyers, and the courts, immediately confront in the first weeks or so of the new law,

Assessing the insolvency regulators’ self-assessments – from tea and biscuits to zero tolerance

ASIC has released a report self-assessing itself, according to requirements of the Commonwealth Regulator Performance Framework: Report 511 ASIC self-assessment

Umpteen professional bodies regulating insolvency practitioners – overkill? or a spreading of the risk?

The new regulatory regime of insolvency practitioners under the Insolvency Law Reform Act 2016 provides for co-regulation shared between the regulators –

How the government decides on law reform …

Unlawful phoenix activity has been a subject of much consideration and recommendation over the years, with most recommendations ignored, and

Credit reporting of tax debts – one measure among many

From 1 July 2017, the Government has announced that it will allow the Australian Taxation Office (ATO) to disclose to

Regulator reports on the high standards of insolvency practitioners, but …

The final report of the year 2016 on the standards and performance of the insolvency profession is rather impressive. Our

Senate inquiry

On 29 November 2016, the Senate referred the following matters to the Economics References Committee for inquiry and report by

Protected: A CALDB decision against a liquidator under the existing law, and how the new law will operate

There is no excerpt because this is a protected post.

Insolvency law reform – some harsh words

Murrays Legal recently reported a comment that our new insolvency law arriving in 2017 was the worst insolvency law reform we have

ASIC’s data – the sale is off; now for some decisions….

The government has announced that it is not proceeding with the private sector bids to upgrade and operate ASIC’s registry functions.

What insolvency practitioners and lawyers and regulators need to know before too long …

The new insolvency reforms commence in about 9 weeks, on Wednesday 1 March 2017, under the Insolvency Law Reform Act

Another new co-regulation regime for insolvency practitioners – NZ, following the UK and India

Just as India has introduced co-regulation of its new breed of insolvency practitioners, so has New Zealand acted on a

More (and more) government inquiries

Two important Senate inquiries of 2014 and 2015 that lapsed at the election have been reinstated, but still with long

Insolvency practitioners’ offence reporting

Although the government is trying to distance any connection between wrongdoing and a company going into liquidation or a person