Coronavirus (COVID-19) updates from the Australian Government

Insolvency Law Reform Bill

This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Exposure Draft

Key Documents

The Parliamentary Secretary to the Treasurer and the Attorney-General have released an exposure draft of the primary amendments to be included in the Insolvency Law Reform Bill. This Bill implements reforms previously released in the proposals paper, A modernisation and harmonisation of the regulatory framework applying to insolvency practitioners in Australia.

The proposed amendments are designed to provide a framework for corporate and personal insolvency regulation that promotes a high level of practitioner professionalism and competency, enhances transparency and communication between insolvency practitioners and stakeholders, and promotes increased efficiency in insolvency administration.

A second tranche of the Bill is expected to be released shortly setting out further consequential amendments to the corporate and personal insolvency legislation as a result of these reforms, along with transitional measures. Draft regulations will also be released shortly for public consultation.

Submissions

16 submissions were received for this consultation, including 1 confidential submission.

BRI Ferrier - pdf 5.78 MB
Deloitte - pdf 339.97 KB
Ferguson, Robert - pdf 197.1 KB
Ferrier Hodgson - pdf 1.9 MB
Goujon, Peter - pdf 17.8 KB
Keenan, Peter J - pdf 1.16 MB
KPMG - pdf 105.29 KB
McGrathNicol - pdf 289.09 KB
Nicholls, Bob - pdf 36.99 KB
Pitcher Partners - pdf 2.23 MB
PPB Advisory - pdf 328.18 KB