A report has recently recommended a comprehensive and independent review of Australias insolvency law, but one insolvency lawyer has said a number of recommendations can be implemented outside of a government review.
The joint parliamentary committee on corporations and financial services recently handed down its report following an inquiry into corporate insolvency, which comes after campaigning from the Australian Restructuring, Insolvency and Turnaround Association (ARITA) for a review of insolvency law across the country.
The resulting report required an inquiry into the effectiveness of Australias corporate insolvency laws in protecting and maximising value for the benefit of all interested parties and the economy and has been welcom…
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