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Insolvency Practice Schedule 90-15 an Australia s External Administrators

Insolvency Practice Schedule was introduced via Insolvency Law Reform Bill 2015. Practice Schedule was introduced together with the Insolvency Practice Schedule Bankruptcy to provide rules to aid in the handling of personal bankruptcies and corporate external administration.

Registration of Cameron Lindsay Duncan Cancelled by Liquidator Committee

Registration of Cameron Lindsay Duncan Cancelled by Liquidator Committee
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Australia Reforms for Small Business Restructuring

Wednesday, December 23, 2020 For many, 2020 has been the year to forget. The Coronavirus pandemic (COVID-19) has halted global economies and initiated recessions across continents and countries, including Australia. In an attempt to alleviate the financial impact of COVID-19, the Australian Government has implemented various reforms (both temporary and permanent) designed to provide relief to financially distressed businesses. One sector hardest hit is that of small businesses and the Australian Government has now finalised a new restructuring process for small businesses, commencing on 1 January 2021.  Although the reforms, set out in the  Corporations Amendment (Corporate Insolvency Reforms) Act 2020 (Cth) (Act), have appeal across sectors, there are many who think that the time allowed for consultation and implementation of this new regime was insufficient for the changes to be properly assessed and considered before taking effect. This is a common theme around man

Happy New Year - the Small Business Insolvency Reforms Come to the Party

For many, 2020 has been the year to forget. The Coronavirus pandemic (COVID-19) has halted global economies and initiated recessions across continents and countries, including Australia. In an attempt to alleviate the financial impact of COVID-19, the Australian Government has implemented various reforms (both temporary and permanent) designed to provide relief to financially distressed businesses. One sector hardest hit is that of small businesses and the Australian Government has now finalised a new restructuring process for small businesses, commencing on 1 January 2021. Although the reforms, set out in the Corporations Amendment (Corporate Insolvency Reforms) Act 2020 (Cth) (Act), have appeal across sectors, there are many who think that the time allowed for consultation and implementation of this new regime was insufficient for the changes to be properly assessed and considered before taking effect. This is a common theme around many of the reforms introduced this year, and 2

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