The Parliamentary Joint Committee on Corporations and Financial Services (PJC), chaired by Senator Deborah ONeill, has handed down its final report into the effectiveness of Australias corporate insolvency laws in protecting and maximising value for the benefit of all interested parties and the economy.
The Committee has made some far-reaching recommendations in the Final Report, heralding the long awaited root and branch review of Australias insolvency laws that ARITA (Australian Restructuring Insolvency & Turnaround Association) and other industry bodies have called for over the last decade.
It is important to note that 17 of the 28 recommendations in the Final Report are to be addressed by a further comprehensive independent review. T…
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