Gold Coast financier Peter Drake. Photo: Louie Douvis
Alleged union fraudsters such as Kathy Jackson and the heads of some of Australia’s largest collapsed financiers could be key beneficiaries of reforms to bankruptcy laws proposed by the Turnbull government.
The federal government on Monday launched reforms to make it easier to bounce back from a business failure, including changing the default period for personal bankruptcies from one year to three years.
It unclear whether the bankruptcy reforms, which are expected to be legislated in mid-2017, will apply retrospectively to existing bankrupts as the gov…
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