There is good and bad news in the latest personal insolvency statistics from AFSA. March quarter increase The full March 2023 quarter numbers show an
This comment was issued in October 2018; it is re-issued in May 2023, but not updated, for interest. The rather opaque International Association of Insolvency
A question on notice of 1 March 2023 was asked by the chair of the Parliamentary Joint Committee on Corporate Insolvency in relation to what
The 2023 budget has allocated funds for action on Anti‐Money Laundering and Counter‐Terrorism Financing (AML) laws, including a beneficial ownership register to “record who ultimately
This explains the World Bank’s new Business Ready initiative, which will report on the business systems of up to 180 country economies including their insolvency
A pending WA appeal decision may address the issue of the extent to which commercial considerations surrounding the appointment of insolvency practitioners can be relevant
The latest personal insolvency statistics released by AFSA for March 2023 show an increase in number over February but still well below past figures. New
With over 70 submissions from a wide variety of stakeholders and numerous answers to questions on notice, the parliamentary joint committee[1] inquiry into corporate insolvency
While AFSA reports that personal insolvencies increased in number in February 2023, to 796, from 772 in January, this was hardly significant – in fact,
One more person has been appointed as a restructuring practitioner to conduct administrations under Part 5.3B of the Corporations Act bringing the total to three
The Senate Economics References Committee is loading up submissions received on its reference into ASIC’s capacity and capability to “undertake proportionate investigation and enforcement action
A summary of priority issues discussed at the Attorney-General’s personal insolvency law reform roundtable held on 2 March 2023 has been released by the Attorney-General’s
A discipline committee has cancelled the registration of a liquidator but declined to publish its reasons for doing so. ASIC has advised by media release
A bankrupt has successfully obtained a copy of a s 77A notice to produce served by his trustees on the police which resulted in 600,000
In a penalty judgment against GetSwift, Justice Michael Lee had some comment to make about GetSwift’s entry into voluntary liquidation in 2022 despite undertakings earlier
The High Court of Australia has found that the peak indebtedness rule has no place in Australian law in the calculation of the amount claimable
The government is convening a “national roundtable with key stakeholders” on 2 March 2023 in relation to personal insolvency law under the Bankruptcy Act. This
Issued June 2021, re-issued January 2023 The WA Supreme Court has dismissed a challenge to deeds of company arrangement (DOCAs) that offered ‘not much of
Obvious as it is to say, insolvency involves limited or no money, and how to fund its existence as a legal regime is an issue
I am dubious about many of the outcomes touted for insolvency “restructurings”, or at least without the negative outcomes reported as well, to put the
At the end of 2022, AFSA quietly released detailed data on the operation of the personal insolvency system in 2021-2022. Some extracted figures and comments
Given that ‘small business’ itself is defined in various ways, none of which is based on the legal structure of the business, it may not
At the PJC inquiry into corporate insolvency, in the context of the 2015 Productivity Commission (PC) Report on Business Entries and Exits, the point was
Some fundamental issues about the operation of insolvency law and practice are being raised in the joint parliamentary committee inquiry into corporate insolvency,[1] more so
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