Coronavirus (COVID-19) updates from the Australian Government

Insolvency Law Reform Bill

This consultation process has now been completed. Submissions available
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.


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