Insolvency Law Reform Bill 2014

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

Key Documents

The draft Bill comprises a package of proposals to amend and streamline the Bankruptcy Act 1966 and the Corporations Act 2001. The proposed amendments will:

  • remove unnecessary costs and increase efficiency in insolvency administrations;
  • enhance communication and transparency between stakeholders;
  • promote market competition on price and quality;
  • boost confidence in the professionalism and competence of insolvency practitioners; and
  • remove unnecessary costs from the insolvency industry resulting in around $55.4┬ámillion per annum in compliance cost savings.

Submissions

20 submissions were received for this consultation, including 4 confidential submissions.

Crouch Amirbeaggi - pdf 169.55 KB
Deloitte - pdf 1.1 MB
DibbsBarker - pdf 43.76 KB
Jones Partners - pdf 1.29 MB
KordaMentha - pdf 76.3 KB
KPMG - pdf 118.51 KB
Lynch Meyer Lawyers - pdf 730.74 KB
McGrathNicol - pdf 590.74 KB
PPB Advisory - pdf 4.03 MB
SV Partners - pdf 6.58 MB
Will Schouten - pdf 440.98 KB