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Insolvency practitioner remuneration – continued ….
30/10/2024
data
remuneration
PJC Insolvency Inquiry 2022
A report in a daily newspaper[1] has commented on the large fees earner by liquidators and administrators in attending to ...
Insolvency trends – should they be higher?
14/10/2024
ATO
competition law
Statistics
Recent figures show trends in insolvencies in Australia – nothing too significant at a macro level though distressing at a ...
Fees of insolvency practitioners and lawyers
10/09/2024
professional conduct
legal costs
legal profession
The commentary following was issued on 15 August 2021. It is reissued for historic interest only, perhaps, on the assumption ...
ASIC’s review of offence reporting – RG 16
13/04/2024
PJC Insolvency Inquiry 2022
investigations
In response to the PJC Report, although a bit premature, ASIC is reviewing its RG 16, on offence reporting obligations, ...
“Thousands and thousands of pounds have been lost …”
09/04/2024
industry bodies
IP regulation
insurance
By way of an update to this post, on 11 June 2024 the Federal Court adjourned the 14 June case ...
Small business sole trader insolvencies
08/03/2024
Statistics
PJC Insolvency Inquiry 2022
MSMEs
A recent newspaper report on the trend of insolvencies in small business was interesting for the reason that it acknowledged ...
Insolvency Practitioner Registration and Disciplinary Committees
29/02/2024
liquidator and trustee registration
liquidator and trustee regulation
I am pleased to have been appointed by the government as a part‑time member to the Ministerial pool for the ...
Punishment for bankruptcy – wearing a yellow and brown bonnet in the public square
01/02/2024
bankruptcy stigma
A recent book, Re-examining insolvency law and theory – perspectives for the 21st century, comprises chapters on a wide range ...
Language please….!
28/11/2023
language
grammar
“Finally on the subject of language, the Commission staff are not to be blamed for the archaic forms of syntax ...
Australia has some of the longest lag times between employees being paid and taxes being remitted
21/11/2023
single touch payroll
This is a short historical background to the increasing non- or late payment of tax mainly by small businesses – ...
Defining bankruptcy
15/11/2023
OPC
The Bankruptcy Amendment (Discharge from Bankruptcy) Bill 2023 has been introduced into parliament. It has presumably been drafted by the ...
Keay’s Insolvency – Personal and Corporate Law and Practice, 11th ed, 2022
03/08/2022
We are pleased to have published the 11th edition of our textbook, Keay’s Insolvency – Personal and Corporate Law and ...
“The [too high] costs of insolvency”?
22/05/2022
remuneration
cost
The Age newspaper in Australia has reported on what it describes as the “often extremely heavy” costs in administering insolvencies ...
Insolvency practitioner regulation – an Australian story
18/05/2022
co-regulation
practitioner regulation
With the UK government rethinking the regulation of its insolvency practitioners (IPs), moving away from co-regulation to a system more ...
Insolvency Law Bulletin – the latest on examinations, liens, receivers, tracing and winding up
15/05/2022
Insolvency Law Bulletin
Liens
Examinations The latest Insolvency Law Bulletin looks at the High Court’s recent decision in Walton v ACN 004 410 833 ...
Why has the Australian government not yet decided on any further insolvency law changes for small business?
12/06/2021
ASBFEO
Attorney-General
one year bankruptcy
Treasury
Australia MSE insolvency reform process seems to have halted, perhaps because of a poor reception to its January 2021 small ...
Australian personal insolvency reform for COVID-19 impacted debtors
18/01/2021
ASBFEO
MSME
UNCITRAL
World Bank
The Australian government’s proposed retention of the restrictions of bankruptcy on COVID-19 impacted business proprietors and consumers is questionable, but ...
The Law of Bankruptcy Notices and Creditors’ Petitions, by Nicholas J Simpson, 2020 – a book review
22/12/2020
book review
Books and journals
Articles
This is a very good and topical Australian text, adequately and accurately described by its title. My review of it ...
The ‘powerhouse’ of small and medium enterprises and their recovery ‘boosted’ by our new insolvency laws
21/12/2020
Blog
Interesting to know from what [limited] bases journalists get their views … ‘Finally, a fair go for small suppliers’, R ...
Extension of insolvent trading concessions – flake news?
05/08/2020
disgrace
government decision making
Articles
Someone government person called Andrew is saying that the insolvent trading protections for directors will be extended beyond 25 September ...
Protected: Australian Insolvency Losers System (in vol admin) – commercial in confidence
16/07/2020
ROCIT
Blog
There is no excerpt because this is a protected post.
Some thinking about insolvency pre-packs, panels and more
20/04/2020
Courts
pre-packs
regulation
UK
In a newspaper article of 20 April 2020* promoting a new ‘restructuring business’, some ‘new thinking’ is offered on changes ...
Obligations to whistleblow
02/03/2020
APES 110
APESB
whistleblowing
CAANZ
Journalists and accountants among others are obliged by NSW law to ‘whistleblow’ – to report to the police – if ...
Three year ‘imprisonment’ for bankruptcy debt
09/02/2020
one year bankruptcy
imprisonment for debt
General
Books and journals
Australia has historically been seen as severe in its approach to unpaid debt and opposition to changing the 3 year ...
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