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.
This is a free access website containing various on-going commentary about a range of issues in law, legal policy and reform, with some particular emphasis on corporate and personal insolvency, professional regulation, technology, ethics, law reform and the courts and the legislature.
peter@murrayslegal.com.au
m +8613 801 763 568
michael@murrayslegal.com.au
m +61 402 248 353
Copyright 2019 Murrays Legal
Subscribe now
Review of the big banks
The Treasurer has asked the Standing Committee on Economics to inquire into and report on what is termed a Review of Australia’s Four Major Banks.
Hearings are commencing this week, in Canberra. The broad terms of reference are:
As to the latter, it will be interesting to know who is supposed to respond to “issues previously raised in Parliamentary and other inquiries” – the banks or the government.
The government may need to explain to the Committee as to its inattention to the gaps and weaknesses identified in what was a major government consultation paper in 2012, on the regulation of banks, insurers and others, on which the government sought, and received, many submissions as to needed reforms. Those gaps and weaknesses remain. See my earlier comments.
Latest
Australian personal insolvency reform for COVID-19 impacted debtors
The Australian government’s proposed retention of the restrictions of bankruptcy on COVID-19 impacted business proprietors
Liquidator’s registration suspended not cancelled, by agreement
In A liquidator disciplinary decision – some regulatory insights | Murrays Legal Commentary , I
New Zealand and Australian voluntary administration law
New Zealand adopted Australia’s Part 5.3A voluntary administration regime some years ago, in Part 15A
Popular
Featured
The Alternative Financial Review
Property prices Perth ‘as good as it’s likely to get’ for rental affordability With little
ASIC’s “significant element of vexation”
ASIC has failed in an application to have an inquiry conducted into joint liquidators’ conduct
Report on targeting of people in financial hardship
The Economics References Committee has issued its report, on time, following its inquiry into ‘Credit