Michael.1
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. 

Corporate insolvency reforms 2020 – referred to a committee?

Report No 11 of 2020 of the Senate’s selection of bills committee of 3 December 2020 has considered the Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 “but was unable to reach agreement”. Appendix 2 to the report then gives “statement of reasons for referral”.

Appendix 2 says:

“Proposal to refer a bill to a committee – Corporations Amendment (Corporate Insolvency Reforms) Bill 2020

Reasons for referral/principal issues for consideration:

  • Potential impact on business environment, including supply of credit.
  • Potential impact on worker, including payment of wages and entitlements.

Possible submissions or evidence from: – Academics and think tanks – Business groups – Unions

Committee to which bill is to be referred: – Economics

Possible hearing date(s): – On the papers

Possible reporting date: – January 2021”.

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