Law reform

Why has the Australian government not yet decided on any further insolvency law changes for small business?

Australia MSE insolvency reform process seems to have halted, perhaps because of a poor reception to its January 2021 small …

Employees’ loss of FEG redundancy payments through their misguided “acts of decency and loyalty” to assist

The AAT has described its decision confirming a lack of government assistance under fair entitlements guarantee (FEG) for “two dedicated, …

Silos

Service of insolvency documents by email

With law well into the process of change to accommodate electronic communications and dealings, following COVID-19 in particular, we should …

Peak indebtedness and other insolvency law views from New Zealand

The decision of the Full Federal Court in Badenoch Integrated Logging v Bryant[1] agreeing with New Zealand’s view about the …

Deregistered companies – UK reforms and some Australian comparisons

The UK Insolvency Service is to be given powers to investigate directors of companies that have been dissolved, or in …

Australia’s limited insolvency reforms for small business

With our international trading partners recently meeting to examine ways to handle micro to small enterprise (MSE) insolvency impacted by …

An insolvency safe harbour based on culture and tradition?

For years Australia had no ‘safe harbour’ protection for directors from insolvent trading.  In 2017, one was introduced, then three …

What is the future of insolvency practice?

The future of insolvency practice lies in artificial intelligence (AI) which this article discussed.  A list of selected articles and …

Silos

World Bank insolvency principles – how does Australia compare?

The World Bank has released its updated Principles for Effective Insolvency and Creditor/Debtor Regimes (the Principles), emphasising the needs of …

Penalties and bankruptcy

A person in breach of consumer protection laws concerning the hire of  4 wheel drive vehicles has been ordered to …

NSW registered clubs (law) in trouble, again

What are described as the “arbitrary powers of the NSW Independent Liquor & Gaming Authority (ILGA)” are the subject of …

The new Attorney-General and business bankruptcies

As the new Attorney-General, Senator Michaelia Cash[1] will find her portfolio encompasses the current law reform debate about whether and …

Move bankruptcy from the Attorney-General to Treasury?

In light of the Attorney-General’s need to transfer some matters of his responsibility, a worthy area to transfer is the …

Neither a borrower nor a lender be – at least to a friend or a relative …

A guarantee given by a mother to a friend of her son for the son’s business debts ended up in …

Should a person be subject to restrictions after an insolvency?

The default period of restriction on a person following their personal insolvency is under consideration in Australia. It prompts the …

A proposed change of focus of the Australian Official Trustee in Bankruptcy

The Australian Official Trustee in Bankruptcy (OT) has sought comment on a significant refocus of its legal responsibilities by way …

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 and consumers is questionable, but …

‘Modernising’ insolvency communications

The Australian government’s consultation paper – Modernising Business Communications – Improving the Technology Neutrality[1] of Treasury Portfolio Laws, of December …

Australian root and branch bankruptcy reform – creditors’ rights? Elizabeth (Ist) laws? SMEs? …

While COVID-19 restrictions on creditors in bankruptcy have ended, though now with an increased $10,000 threshold, the experience should prompt …

Australia’s new liquidator registration processes, and its ‘new liquidators’

On 30 December 2020, ASIC issued guidance on the new liquidator registration processes that apply in Australia two days hence …

Bad bankruptcy notices

A bankruptcy notice was found to have been wrongly issued by the Official Receiver because it did not attach a …

The financial viability of personal insolvency practice in Australia

The Australian bankruptcy regulator – AFSA – has been making inquiries about the financial health of bankruptcy trustee firms during …

Reinventing Bankruptcy Law – Virginia Torrie

This is a very good book on Canadian insolvency law, sadly with no equivalent in Australia, as I explain below. …

Australia’s litigation funding market a ‘global hotspot for international investors … many based in tax havens and with dubious corporate histories’ with returns of ‘more than 500%’

The tone and findings of this 454 page report by the Parliamentary Joint Committee on Corporations and Financial Services – Litigation …