Search results

ASIC’s review of liquidators for 2017-2018 – continued fall in complaints

This ASIC Report 610 has been released, with some interesting points to note, and questions raised. It largely expands on ...

Litigation ‘for the benefit of creditors’ – really?

How much do unsecured creditors receive out of a liquidation or bankruptcy from any ‘successful’ judgment obtained by the liquidator ...

Trends in personal insolvency given to Senate committee

Representatives of the personal insolvency law administrator – AFSA – appeared on 24 January 2019 before the Economics References Committee ...

Revised draft of Australia’s 2014 insolvency code of practice

ARITA has released a consultation draft of its Code of Professional Practice for Insolvency Practitioners. This will be the 4th ...

Trial decisions pending a High Court appeal in Amerind

It can be legally difficult to determine what the law is when a significant legal issue is on appeal, leaving ...

UK Crown priority in insolvencies to be restored

The UK government has announced in its 2018 budget that priority dividend payments will be made to the revenue for ...

Legislative drafting – 2017 reliance on a 1901 precedent

Modern Commonwealth laws still rely on 1901 drafting precedents despite changes in the law over the last 116 years. As ...

Legal Editing – rules for the citation of court judgments

The following rules for the citation of court judgments are adopted by Murrays Legal Commentary. The need to publicise them ...

Safe harbour – some inherent behavioural issues to overcome

While the new safe harbour law[1] is the end result of some years of torturous debate, still on-going, it is ...

Directors and their safe harbour – how to get them to behave

An aim of the latest “safe harbour” insolvency reforms is to “drive cultural change” in company directors by encouraging them ...

Late payers – what to do? and the ATO wants to know as well

An inquiry into late payments to creditors has been commenced by the Australian Small Business and Family Enterprise Ombudsman. A ...