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Trustee’s hearing further adjourned to 21 February 2025

As AFSA announced, on 2 February 2024, the registration as a trustee of Mr Paul Leroy was cancelled from 5 February 2024 because he failed to maintain mandatory professional indemnity and fidelity insurance cover.  The Inspector-General is now …

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Are pecuniary penalties actually paid?

One enforcement tool of regulators is to obtain a court ordered civil penalty against the respondent company or individual.  That then allows the regulator to …

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AFSA’s annual report on personal insolvency?

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A continued fall in personal insolvencies

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Annotated Bankruptcy Act 10th ed, 2024, LexisNexis

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ASIC’s updated guidance on liquidator registration and discipline; AFSA; and the ART

ASIC has released updated regulatory guidance on statutory committee registration ...

Gender balance in the insolvency industry

With women comprising only around 10% of insolvency practitioners, the ...

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Are pecuniary penalties actually paid?

One enforcement tool of regulators is to obtain a court ordered civil penalty against the respondent company or individual.  That then allows the regulator to …

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AFSA’s annual report on personal insolvency?

The AFSA 2023–24 Annual Report has been released, reporting on ...

Litigation Funding in Insolvency and in Class Actions

This queries corporate insolvency’s requirement for approval of liquidators’ litigation ...

Insolvency law reform – and income contributions

A 1997 article about the need for data in insolvency ...

A continued fall in personal insolvencies

Personal insolvencies in Australia have continued to fall, if slowly, ...

Insolvency practitioner remuneration – continued ….

A report in a daily newspaper[1] has commented on the ...

What is the future of insolvency practice?

In my reply to an interesting comment from a practitioner ...

Annotated Bankruptcy Act 10th ed, 2024, LexisNexis

Annotated Bankruptcy Act 1966, 10th edition I am pleased to ...

ASIC’s annual report 2023-2024 – Chapter 5 insolvency issues

ASIC has released its 2023-2024 annual report.  ASIC annual reports ...

The need for a new process for the appointment of insolvency practitioners?

A Judge has expressed concern about the processes for the ...

Insolvency trends – should they be higher?

Recent figures show trends in insolvencies in Australia – nothing ...

ASIC’s updated guidance on liquidator registration and discipline; AFSA; and the ART

ASIC has released updated regulatory guidance on statutory committee registration ...

Gender balance in the insolvency industry

With women comprising only around 10% of insolvency practitioners, the ...

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About This Blog

INSOLVENCY AND RELATED LAW AND POLICY, AND MORE

Michael Murray is an Australian author and commentator on corporate and personal insolvency law and related issues, in Australia and internationally. He has a strong law and policy background, is independent of any connections, and his views are his own. He gives no legal advice. 

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