ILRA: New Court Powers
The Insolvency Law Reform Act 2016 (Cth) consolidates the powers of the court into two primary divisions of the new Insolvency Practice Schedule.
ILRA: Show Cause Notice
The Insolvency Law Reform Act 2016 (Cth) introduces a new power for personal and corporate insolvency regulators: the show cause notice. This note explains the scope and potential consequences of this […]
Insolvency Law Reform Act
The first stage of the Insolvency Law Reform Act 2016 (Cth) started on 1 March 2017, with the second and final stage due to commence on 1 September 2017. This […]
BA s60 and administrative rulings
The ability of a bankrupt to use s60(4) of the Bankruptcy Act 1966 (Cth) to continue with a challenge to an administrative determination was recently considered in Fisher v Transport for […]
Trust-busting revisited
The effect of bankruptcy on a beneficiary in a trust was considered recently by the Queensland Supreme Court in Fordyce v Ryan [2016] QSC 307. This decision considered the effect […]
Standing to seek winding up order
The NSW Court of Appeal has recently discussed the standing rules for applicants seeking a winding up order in Treadtel International Pty Ltd v Cocco [2016] NSWCA 360. This decision […]
Treasury releases discussion paper
The Government’s Innovation Statement issued on 7 December 2015 adopted 3 recommendations from the Productivity Commission’s report ‘Business Set-Up, Transfer and Closure’ (released on the same day) aimed at promoting […]
A call for another Harmer Report
Michael Murray and I launched the 9th edition of Keay’s Insolvency last Monday night. The launch was hosted by leading international insolvency and restructuring firm Ferrier Hodgson. At the launch, […]
Planet Platinum-invalid VA appointments
The decision in ASIC v Planet Platinum Ltd (in liq) [2016] VSC 120 (1 April 2016) raises interesting issues relating to the duties of administrators to confirm the validity of […]
Could Arrium be the next Bell Group?
News broke yesterday of the banks rejecting Arrium’s rescue package proposed by GSO Capital Partners that would have involved the banks taking a big haircut on their reportedly unsecured loans. […]
Australian Insolvency Law 