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NZ insolvency practitioner co-regulation – new law proposed

In a forthcoming article, I examine an aspect of Australia’s new regime for the (over) regulation of insolvency practitioners, which ...

Review of insolvency practitioner regulation

A review of aspects of the disciplinary process for insolvency practitioners that was introduced by the Insolvency Law Reform Act ...

Cross-border regulation of insolvency practitioners

The Insolvency Law Reform Act 2016 introduced a stronger regulatory regime over insolvency practitioners.  It may not have been noticed ...

Insolvency practitioner regulation – New Zealand & Australia

Comparing NZ insolvency law with Australia’s, in preparation for the BFSLA conference this week on 1 September 2017, the day ...

International insolvency regulation – London 2017

The annual meeting of the International Association of Insolvency Regulators, IAIR, is being held in London, from 4 to 7 ...

ASIC’s 2017 annual report – what to expect in insolvency regulation

Report 532 ASIC’s regulation of registered liquidators: January to December 2016 is a rather dense and detailed report which explains ...

Funding personal and corporate insolvency regulation

ASIC and AFSA ASIC The funding of ASIC under the draft ASIC Supervisory Cost Recovery Levy Regulations 2017 by way of ...

Whistleblowing, as a means of professional regulation?

The use of whistleblowers in the regulation of tax and corporate law, and the bases for incentivizing and protecting them, are ...

Funding of ASIC’s insolvency regulation – what has the Attorney-General got to say?

Bills have been introduced into parliament to provide funding for ASIC’s regulation of the industries and professions it regulates. In ...

ASIC’s regulation of unlawful phoenix activity – report 513

ASIC’s latest enforcement report – REP 513 ASIC enforcement outcomes: July to December 2016 – says up front that it ...

Another new co-regulation regime for insolvency practitioners – NZ, following the UK and India

Just as India has introduced co-regulation of its new breed of insolvency practitioners, so has New Zealand acted on a ...

Gaps and weaknesses in our system of financial regulation

The government is yet to respond to weaknesses in our laws that deal with the financial distress or collapse of ...

New Zealand – the outlier of international insolvency regulation

Australia and other countries will be relieved that New Zealand is again looking at licensing and regulating its insolvency practitioners. ...

Insolvency and competition law – two disciplines moving as parallel universes, without coordination

“Ultimately, it seems that the two disciplines move as parallel universes, without any coordination …”. Only “by linking the attempt ...

Trustee’s hearing further adjourned to 21 February 2025

As AFSA announced, on 2 February 2024, the registration as a trustee of Mr Paul Leroy was cancelled from 5 February 2024 ...

AFSA’s annual report on personal insolvency?

The AFSA 2023–24 Annual Report has been released, reporting on the information required under particular public sector legislation.  Unlike ASIC, ...

Litigation Funding in Insolvency and in Class Actions

This queries corporate insolvency’s requirement for approval of liquidators’ litigation funding in the context of an article comparing litigation funding ...

What is the future of insolvency practice?

In my reply to an interesting comment from a practitioner about the fundamental difficulties of lack of funding for insolvency ...

Annotated Bankruptcy Act 10th ed, 2024, LexisNexis

Annotated Bankruptcy Act 1966, 10th edition I am pleased to have had published the 10th edition of the Australian Annotated ...

ASIC’s annual report 2023-2024 – Chapter 5 insolvency issues

ASIC has released its 2023-2024 annual report.  ASIC annual reports | ASIC.  Under s 136(1)(ca) of the ASIC Act 2001, ...

The need for a new process for the appointment of insolvency practitioners?

A Judge has expressed concern about the processes for the appointment of insolvency practitioners, suggesting adverse relationships with their lawyers, ...

Insolvency trends – should they be higher?

Recent figures show trends in insolvencies in Australia – nothing too significant at a macro level though distressing at a ...

ASIC’s updated guidance on liquidator registration and discipline; AFSA; and the ART

ASIC has released updated regulatory guidance on statutory committee registration and discipline processes, and related issues: see Revised Regulatory Guide ...

Gender balance in the insolvency industry

With women comprising only around 10% of insolvency practitioners, the issue of gender balance continues to receive attention, among broader ...