The Combatting Illegal Phoenixing Bill 2019
The Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 was reintroduced into Federal Parliament on 4 July 2019, after lapsing at the last election. This Bill is another example of using […]
Category Archives: Liquidation
Treading a fine line in restructuring work
Facilitating restructuring and turnaround of companies in financial difficulty is one of the goals of Australia’s modern corporate insolvency laws. A recent case (Walton Constructions) has highlighted some of the […]
Corporate insolvency by the numbers
I’ve been reading over several ASIC statistical reports recently while working on my PhD and some figures really jumped out at me in the Series 3.3 (time series) report from […]
Duties of voluntary administrators
The case of Macks v Viscariello [2017] SASCFC 172 considers a number of important issues relating to duties of voluntary administrators. The Full Court’s decision finalises a long-running saga involving several […]
ILRA: CVL commencement changes
The Insolvency Law Reform Act 2016 (Cth) (ILRA) makes significant changes to how creditors’ voluntary liquidations are commenced from 1.9.17. This post will outline the changes to the commencement of […]
ILRA: Committees of Inspection
The Insolvency Law Reform Act 2016 (Cth) (‘ILRA’) remakes the rules on creditor committees in insolvency (called ‘committees of inspection’ or COI). This post will explain the new law and […]
ILRA new concepts
The second tranche of the Insolvency Law Reform Act 2016 (Cth) (‘ILRA’) started on 1.9.17. Over the next week, I’ll be doing a series of short posts on specific aspects […]
My ABC interview on phoenix co
I was interviewed last night on ABC News Radio on the topic of phoenix companies and director identification numbers. They uploaded the whole 5 minute interview online.
ILRA commencement issues
The commencement of the Insolvency Law Reform Act 2016 (Cth) is generating confusion in the insolvency industry. This post discusses the commencement provisions and notes a recent decision in bankruptcy […]
ILRA: Notice requirements
The Insolvency Law Reform Act 2016 (Cth) imposes a range of new notification requirements for both personal and corporate insolvency practitioners. This post considers the scope of Div 35 of […]
