ASIC’s annual ‘Dashboard’ report

With the 2018 financial year over, government agencies need to prepare their annual reports, which, commonly, are becoming increasingly opaque. But two interesting reports will be those of ASIC, in relation to corporate insolvency, and AFSA, in relation to personal insolvency. As to ASIC, under the changes made under the industry funding levy legislation, and […]

ASIC’s fees – how high and counter-productive

The article in the Australian newspaper of 2 July 2018, although typically low-brow in its heading – how ASIC gouges fees for business – gives useful coverage of ASIC’s high fees for accessing essential business and company information that it holds.  In the corporate financial governance and insolvency field, it is worse than just the […]

Litigation funding of liquidators – the ALRC inquiry

The current law reform inquiry into class actions and their funding may also need to look at the funding of another type of collective litigation action, claims by liquidators in insolvency proceedings. The Australian Law Reform Commission is conducting its litigation funding inquiry with an emphasis on class action proceedings and the important role they […]