News

Insolvency numbers return to pre-COVID levels (9/08/2022)

Submissions: Government announces review of ASIC IFM (9/08/2022)

Personal bankruptcy and liquidation of a company guidance document (8/08/2022)

Practice Alert: ROCAP Version 2 (1/08/2022)

Practice Alert: Personal insolvency indexed amounts update (June 2022) (29/07/2022)

Submission: ASIC CRIS 2021-22 (28/07/2022)

Small Business Restructuring Process and Simplified Liquidation training - updated flowcharts (25/07/2022)

Practice Alert: Director ID requirements for companies in external administration (20/07/2022)

ARITA Journal Volume 34 #02 // 2022 celebrates Paul Cook (18/07/2022)

Case: When an objection is objectionable (14/07/2022)

Practice Alert: Personal insolvency indexed amounts update (March 2022) (7/07/2022)

User testing of companies functions of new ABRS website (5/07/2022)

Practice Alert: WA - New Building Security of Payment Act (5/07/2022)

Case: Objecting to the decision to discharge of Salim Mehajer - Administrative review (4/07/2022)

Termination of ARITA Membership – Mr Stephen Hathway (29/06/2022)

Termination of ARITA Membership – Mr Paul Quill (29/06/2022)

Case: Trustee successfully recovers property (27/06/2022)

Practice Alert: CGT in bankrupt estates update (20/06/2022)

AFSA reports progress on promoting diversity in the insolvency profession (20/06/2022)

ARITA Life Member Robyn Erskine recognised with AM in the Queen's Birthday Honour List (14/06/2022)

ARITA / AFSA / ASIC Liaison Meeting – 29 March 2022 (14/06/2022)

2022 ARITA Member Survey Prize Draw Winner (7/06/2022)

Practice Alert: Release of draft CRIS for ASIC IFM for 2021/22 (6/06/2022)

Case: Court defends Administrators’ remuneration ‘you can’t have your cake and eat it too' (3/06/2022)

Case: A “blatant example of phoenixing” - anti-phoenixing laws to the rescue (24/05/2022)

Case: Refresher on the pre-conditions for leave under section 459S (23/05/2022)

Case: NSWSC clarifies priority of claims over R&D tax refunds between employees and secured creditor (20/05/2022)

Submission: APRA Strengthening crisis preparedness (9/05/2022)

ARITA Young Professionals Committees EOI (22/04/2022)

News: Suspension of Membership of Paul Quill (21/04/2022)

Practice Alert: Amendments to Bankruptcy Regulations & Rules (8/04/2022)

Case: Liquidators seek to appoint themselves as administrators (7/04/2022)

News: 2022-23 Federal Budget – the good, the bad & the ugly insolvency announcements (31/03/2022)

ARITA Journal: The changing face of law reform in Australia (29/03/2022)

Submission: Review of the Insolvent Trading Safe Harbour: Report & Government Response (24/03/2022)

Practice Alert: Update on CGT in bankrupt estates (23/03/2022)

Practice Alert: Personal insolvency indexed amounts update (20 March 2022) (22/03/2022)

Case: When is defeating creditors the 'main purpose' of a transfer of property? (4/03/2022)

News: Complete the FRAA survey on ASIC performance (2/03/2022)

Practice Alert: External administration of Corporate Collective Investment Vehicle (1/03/2022)

Case: Liquidator’s disclaimer of contaminated land set aside – Victorian Court of Appeal decision (28/02/2022)

Submission: ALRC’s Review of legislative framework for corporations and financial services (25/02/2022)

Submission: Bankruptcy system – options paper (25/02/2022)

Case: Use of public examination powers significantly increased by High Court (23/02/2022)

Case: Can cash derived from income ever be 'after-acquired' property? (15/02/2022)

Draft submission: Reforms to the Bankruptcy system, including 1-year bankruptcy FOR MEMBER FEEDBACK (14/02/2022)

Practice Alert: Virtual meeting voting using show of hands & notional place (10/02/2022)

Practice Alert: ASIC guidance on completing Form 574: Application for early destruction of books (8/02/2022)

Practice Alert: AFSA changes to insolvency guidance (7/02/2022)

Submission: Modernising Registry Fees (31/01/2022)

Submission: 2022-23 Pre-Budget Submission (31/01/2022)

Submission: Extension of AAT power to pause or modify ATO debt recovery (31/01/2022)

Submission: Possible reforms to the Bankruptcy system, including one-year bankruptcy (28/01/2022)

Practice Alert: Personal insolvency indexed amounts update (December 2021) (22/03/2022)

News: FEG Verification Services Panel 2022 - request for tenders (13/01/2022)

Submission: Improving the technology neutrality of Treasury portfolio laws repealing s600G (29/04/2022)

Practice Alert Update: Bravure notifications to Registered Liquidators/Trustees (11/01/2022)

Case: Independence – A shift in the test? (21/12/2021)

Submission: Miscellaneous amendments to Treasury portfolio laws 2022 (16/12/2021)

Practice Alert: Updated to APES 330 Insolvency Services (16/12/2021)

Submission update: Clarifying the treatment of trusts under insolvency law (13/12/2021)

Practice Alert: Meeting with ATO re CGT in bankruptcy (13/12/2021)

Submission update: Consequential amendments to small business insolvency reforms now in effect (8/12/2021)

Practice Alert: Guidance for members facing financial distress in their insolvency practices (2/12/2021)

Case: Section 444GA(1) – Not just for deed administrators (1/12/2021)

ARITA Journal: Take your career to the next level (30/11/2021)

Case: The scope of limiting document production orders pursuant to a public examination (24/11/2021)

Case: Court looks at series of transactions which as a whole aim to defeat creditors in a bankruptcy (17/11/2021)

Practice Alert: ASIC releases CRIS for 2020/21 (17/11/2021)

Case: Examining purpose & motivation – eligible applicants & public examinations (10/11/2021)

ARITA / AFSA / ASIC Liaison Meeting – 20 October 2021 (9/11/2021)

Practice Alert: Personal insolvency indexed amounts update (September 2021) (9/11/2021)

Submission update: Further consequential amendments to small business insolvency reforms (4/11/2021)

Submission: Insolvent trusts Town Hall discussion paper (3/11/2021)

Case: Court validation of a voluntary administrator’s appointment (1/11/2021)

Practice Alert: Update on CGT in bankrupt estates (29/10/2021)

Case: Settle down – fiduciaries, accessories and settlement against multiple defendants (25/10/2021)

Case: A recap of liquidators’ remuneration principles (18/10/2021)

Submission: Clarifying the treatment of trusts under insolvency law (15/10/2021)

Practice Alert: Bravure notifications to Registered Liquidators/Trustees (12/10/2021)

Practice Alert: Financial reporting and AGM relief - update to RG 174 (6/10/2021)

Case: The use of s 447A of the Corporations Act to facilitate a share transfer (6/10/2021)

Practice Alert: Update to Status of State Supreme Courts Corporations Rules (6/10/2021)

Submission: Review of Safe Harbour (5/10/2021)

Case: Staying or adjourning a winding up application during a receivership (29/09/2021)

Case: Appointing a special purpose liquidator or reviewing liquidator (20/09/2021)

Submission: Improving schemes of arrangement to better support business (20/09/2021)

ARITA Journal: Risk management in 2021 (17/09/2021)

Case: Determining insolvency as a preliminary question in parallel proceedings (15/09/2021)

Practice Alert: ASIC guidance on IFM levies for companies in external administration (7/09/2021)

Case: Litigation funding agreements – principles for court approval (6/09/2021)

Case: Liquidator may rely on unreconciled accounts to prove a company is insolvent (30/08/2021)

Practice Alert: Holding meetings wholly using virtual technology (25/08/2021)

Submission: ARITA submission on Litigation Funding Schemes: Guidance and Relief (23/08/2021)

Vale William 'Bill' Hamilton (18/08/2021)

Unfair preferences – continued relevance of the doctrine of ultimate effect (18/08/2021)

Submission: ASIC CRIS 2020–21 (16/08/2021)

Case: Sequestration orders and asking the court to go behind a judgment debt (11/08/2021)

Submission update: Schemes - ARITA member consultation (11/08/2021)

Practice Alert: Meeting & communication relief for companies extended (11/08/2021)

Vale Tony Douglas-Brown (10/08/2021)

Submission: Improving schemes of arrangement to better support businesses (3/08/2021)

Case: Obtaining an extension of time to set aside an examination summons (2/08/2021)

Practice Alert: Personal insolvency indexed amounts update (June 2021) (4/08/2021)

Practice Alert: Has a request for information been made? (26/07/2021)

Case: Statutory demands – informal service and a declaration of nullity as a set aside alternative (26/07/2021)

Practice Alert: Release of draft CRIS for ASIC IFM for 2020/21 (23/07/2021)

Practice Alert: Maximum default amount of remuneration (22/07/2021)

Practice Alert: New flowcharts added to ASIC INFO 29 (19/07/2021)

Case: Bankruptcy Trustees recover real estate held on resulting trust for bankrupt (19/07/2021)

Practice Alert: Personal insolvency indexed amounts update (Revised March 2021) (21/07/2021)

Submission update: ALRC review of legislative framework background paper (14/07/2021)

Case: ‘Examinable affairs’ provides a low threshold in the issue of an examination summons (13/07/2021)

Professional Conduct Committee determination (12/07/2021)

Practice Alert: Changes to service of documents under the Bankruptcy Act (7/07/2021)

Code FAQ: What are other relevant entities covered by the extended definition of 'Firm'? (4th ed) (6/07/2021)

Case: The need to plead carefully to set aside a statutory demand (5/07/2021)

Case: A contract for sale is not a financial record available for inspection (30/06/2021)

Submission update: Consequential amendments to small business insolvency reforms (29/06/2021)

Submission: ALRC review of the legislative framework for corporations regulation (28/06/2021)

Case: Second Badenoch decision creates even more uncertainty for unfair preference recoveries (28/06/2021)

Practice Alert: CGT in bankrupt estates (24/06/2021)

Case: FEG redundancy exclusions – termination of SME employees after restructure (22/06/2021)

ARITA Journal: 8 things you should know about small business restructuring (21/06/2021)

Scott Atkins is new INSOL President (15/06/2021)

Case: Holding the assets – Federal Court guidance on asset valuation and distribution (15/06/2021)

Case: Can s 139ZQ notices be issued after discharge & to extend limitation periods? (8/06/2021)

Case: Look before you launch litigation – a cautionary tale for liquidators (15/06/2021)

Practice Alert: Firms offering consumer ‘debt management services’ require credit licence to operate (8/06/2021)

ARITA / AFSA / ASIC Liaison Meeting – 21 April 2021 (7/06/2021)

Practice Alert: Virtual meetings include providing telephone facilities & voting must be via poll (31/05/2021)

Practice alert: Corporate statutory demand threshold increased to $4,000 from 1 July 2021 (28/05/2021)

Case: Disclaimed property vested absolutely in mortgagees (26/05/2021)

New 2021–2022 ARITA Board (26/05/2021)

Grays become a 2021 Platinum National Partner (25/05/2021)

Practice Alert: SGC percentage change from 1 July (20/05/2021)

Case: Retrospective approval to sell trust assets is a last resort (19/05/2021)

Case: Approval for proposed transactions under ss 477(2A) & 477(2B) of Corporations Act (13/05/2021)

Introducing our new Diamond National Partner (12/05/2021)

Case: Full Federal Court expands scope for running accounts & overturns peak indebtedness rule (11/05/2021)

Submission: Consequential amendments to small business insolvency reforms (6/05/2021)

Case: Liquidator of corporate trustee seeks to sell assets subject to trustee’s right of exoneration (5/05/2021)

Practice Alert: Personal insolvency indexed amounts update (March 2021) (4/05/2021)

Submission: ASIC's performance against Regulator Performance Framework 2019/20 (3/05/2021)

Case: Distributing dividends when a bankrupt has not filed a statement of affairs (27/04/2021)

Submission: Consequential amendments to small business insolvency reforms (26/04/2021)

Case: Can assignees of liquidators’ claims use public examination docs in enforcement proceedings? (21/04/2021)

Case: When a liquidator is also the bankruptcy trustee of the company’s sole shareholder (13/04/2021)

Practice Alert: Electronic communications in external administrations (7/04/2021)

Case: Discretion to extend adjournment period for creditors’ meetings (7/04/2021)

Directors’ duties in uncertain financial times – Updated guidance (7/04/2021)

Credit manager’s guide to the small business insolvency reforms (7/04/2021)

Case: Federal Court expands the scope for effecting valid service of a statutory demand (31/03/2021)

Case: GST credits on pre-appointment acquisitions (31/03/2021)

Termination of Membership - Mr Peter Macks (31/03/2021)

Practice alert: Key changes in the Bankruptcy Regulations 2021 (including for liquidations) (26/03/2021)

Case: ATO to repay $2m in ‘third party’ preferential payments made while company subject to DOCA (24/03/2021)

ARITA Journal: Digital transformation in insolvency & restructuring (23/03/2021)

Practice alert: Bankruptcy Regulations 2021 finalised (22/03/2021)

Case: Court grants extension of time for SPLs to bring voidable transaction claims (22/03/2021)

Case: Another judgment on interaction of SBR & winding up (17/03/2021)

NSW/ACT Committee Nominees 2021/2022 (16/03/2021)

Case: Establishing breach & accessorial liability does not equate to loss or damage (12/03/2021)

WA Committee Nominees 2021/2022 (9/03/2021)

Case: Small business restructuring & winding up - is the right balance being struck? (9/03/2021)

Vic/Tas Committee Nominees 2021/2022 (8/03/2021)

Case: When is a company insolvent? (4/03/2021)

Practice Alert: All RLs have positive obligations to report to ASIC regarding Temporary Relief (3/03/2021)

Practice Alert: ASIC notifications relating to small business reforms (2/03/2021)

Practice Alert: Changes to pre-pack laws in UK (1/03/2021)

Practice Alert: Director resignation changes (1/03/2021)

Submission: Increasing the statutory demand threshold (26/02/2021)

Submission: Modernising Business Communication (26/02/2021)

SA/NT Committee Nominees 2021/2022 (26/02/2021)

Case: Considerations for the appointment of a special purpose liquidator (23/02/2021)

Practice Alert: New information sheets & templates for members (19/02/2021)

Submission: Licensing debt management firms (16/02/2021)

Submission: The bankruptcy system and the impacts of coronavirus (16/02/2021)

Case: Conduct of director in an application to wind up on just & equitable grounds (15/02/2021)

Code Guidance Note: How does the Code apply to small business restructuring? (10/02/2021)

Case: Obtaining summary judgments in insolvent trading claims (9/02/2021)

New information sheets to support small business insolvency reforms (5/02/2021)

Practice Alert: IFM levy amended for SBR (5/02/2021)

Practice Alert: ATO notifications for small business restructuring & simplified liquidations (4/02/2021)

2021 ARITA Divisional AGMs & call for nominations (3/02/2021)

Case: Court dismisses landlord’s application to wind up tenant (3/02/2021)

Practice Alert: Personal insolvency indexed amounts update (2/02/2021)

Practice Alert: ASIC response following the service of court applications (1/02/2021)

Practice Alert: Small business insolvency reforms FAQs (21/01/2021)

Submission: Bankruptcy Regulations 2021 (19/01/2021)

Submission: AG consultation on personal insolvency reforms (15/01/2021)

Law reform training now available as 'learning on demand' (11/01/2021)

ARITA Insolvency Law Reform Training and Precedents update (5/01/2021)

Practice Alert: Bankruptcy threshold permanently increased to $10,000 effective 1 January 2021 (18/12/2020)

Practice Alert: Status of ARITA's Small Business insolvency reforms guidance (18/12/2020)

Practice alert: Interacting with the ATO (16/12/2020)

Case: Restructured companies to vest like the rest (14/12/2020)

ARITA / AFSA / ASIC Liaison Meeting – 27 October 2020 (11/12/2020)

Case: Right to tenant's property on abandonment of lease by liquidator (8/12/2020)

Submission: Feedback on draft Bankruptcy Regulations 2021 (8/12/2020)