News

The latest news, updates and member resources.
 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)
 
 
 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)
 
 
 Case: Discretion to extend adjournment period for creditors’ meetings
(7/04/2021)
 
 
 Practice Alert: Electronic communications in external administrations
(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: Director resignation changes
(1/03/2021)
 
 
 Practice Alert: Changes to pre-pack laws in UK
(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)
 
 
 Submission: Bankruptcy Regulations 2021
(10/02/2021)
 
 
 Practice Alert: IFM levy amended for SBR
(5/02/2021)
 
 
 New information sheets to support small business insolvency reforms
(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: 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)
 
 
 Practice Alert: Actual ASIC IFM costs 2019-20
(1/12/2020)
 
 
 Case: Court finds utility in the appointment of an insolvency referee
(1/12/2020)
 
 
 Practice Alert: New information sheets for creditors
(30/11/2020)
 
 
 Code: New DIRRI & Remuneration Approval Report templates (4th edition)
(30/11/2020)
 
 
 Code FAQ: Clarification on independence declaration in DIRRI (version 2 template)
(30/11/2020)
 
 
 ARITA Journal: How to chart your firm’s course in uncertain times
(27/11/2020)
 
 
 Vale Nick Malanos
(25/11/2020)
 
 
 Submission: Insolvency reforms to support small business subordinate legislation
(25/11/2020)
 
 
 Case: Creditors’ powers of examination
(23/11/2020)
 
 
 Submission update: Small business insolvency reforms subordinate legislation released
(17/11/2020)
 
 
 Case: When does a transfer of shares under s 444GA cause unfair prejudice to shareholders?
(17/11/2020)
 
 
 Case: Dealing with trust assets where the trustee is bankrupt
(13/11/2020)
 
 
 Submission update: Small business insolvency reforms – Bill tabled
(13/11/2020)
 
 
 Case: Liquidators justified in regarding a secured creditor as subrogated in equity to the priority
(10/11/2020)
 
 
 Case: Litigation cannot proceed as a stalking horse for those who stand behind it
(10/12/2020)
 
 
 Submission: Virtual meetings & electronic document execution
(30/10/2020)
 
 
 Submission Update: Amendments to regulations on operation of litigation funding preserve insolvency
(30/10/2020)
 
 
 Practice Alert: ASIC guidance for share transfers using s 444GA
(28/10/2020)
 
 
 Case: Court preserves confidentiality of deed of assignment between ATO & liquidator
(26/10/2020)
 
 
 Case: Remuneration – proportionality, complexity & evidence of reasonableness considered
(20/10/2020)
 
 
 Case: Court refuses to exercise discretion to set aside a DOCA
(10/12/2020)
 
 
 Submission: Insolvency reforms to support small business
(13/10/2020)
 
 
 Practice Alert: Treasurer extends COVID changes to meeting requirements
(13/10/2020)
 
 
 Small business insolvency reforms – Recognising the expertise of Registered Liquidators
(7/10/2020)
 
 
 Case: Court clarifies standing for membership of committees of inspection
(1/10/2020)
 
 
 Case: Application to remove liquidators refused
(30/09/2020)
 
 
 Practice alert: Temporary insolvent trading moratorium enforcement
(29/09/2020)
 
 
 Media Release: ARITA welcomes Govt's proposed reforms – but careful review still required
(24/09/2020)
 
 
 Practice Alert: Key points on insolvency reforms to support small business
(24/09/2020)
 
 
 Termination of ARITA Membership – Mr Steven Naidenov
(23/09/2020)
 
 
 Case: Consideration of remuneration based on manner and quality of work
(22/09/2020)
 
 
 Case: Virgin - Administrator's power of sale versus creditor democracy
(21/09/2020)
 
 
 Case: Voluntary administrator entitled to passwords to access electronic data
(14/09/2020)
 
 
 Practice Alert: Financial Products Consultation Paper released by Attorney-General’s Department
(11/09/2020)
 
 
 ARITA Journal: Bankruptcy in focus
(10/09/2020)
 
 
 Case: State environment legislation trumps liquidators’ disclaimer (again)
(10/09/2020)
 
 
 Practice Alert: Insolvency relief extended until new year
(7/09/2020)
 
 
 Case: Trustee entitled to remuneration despite sequestration order set aside
(7/09/2020)
 
 
 Practice Alert: Changes to Transport for NSW searches
(3/09/2020)
 
 
 Practice Alert: AFSA Registered Trustee Information Forum 2020
(3/09/2020)
 
 
 UPDATED Stage 4 Restrictions – Guidance for IPs based in Victoria or taking appointments in Victoria
(1/09/2020)
 
 
 Case: When does a third-party payment constitute an unfair preference?
(31/08/2020)
 
 
 Submission update: ALRC corporate criminal responsibility final report
(31/08/2020)
 
 
 Code FAQ: Clarification of section 3.4 of COPP: Insolvency Services (4th edition)
(26/08/2020)
 
 
 Code Consultation: Update to DIRRI and Remuneration Approval Report Templates (4th edition)
(26/08/2020)
 
 
 Case: Court clarifies where a public examination will constitute an abuse of process
(25/08/2020)
 
 
 AFSA & ASIC registration committees – quick reference guide
(20/08/2020)
 
 
 Reprimand issued following determination by ASIC Disciplinary Committee
(19/08/2020)
 
 
 Practice Alert: PPSR releases new industry-specific COVID-19 resources for small business
(18/08/2020)
 
 
 Practice Alert: Sunsetting of the Bankruptcy Regulations 1996
(12/08/2020)
 
 
 Stage 4 Restrictions – Guidance for IPs based in Victoria or taking appointments in Victoria
(5/08/2020)
 
 
 Submission update: ASBFEO Insolvency Practices Inquiry
(28/07/2020)
 
 
 Practice Alert: Final claim for remuneration on BAS - Accounting on a cash basis
(28/07/2020)
 
 
 Case: Court considers treatment of rent accrued in standstill period
(23/07/2020)
 
 
 Practice Alert: Extension to timing for JobKeeper & JobSeeker
(21/07/2020)
 
 
 Practice Alert: Accounting for pre & post appointment JobKeeper payments
(21/07/2020)
 
 
 Case: Court releases reasons in Virgin confidentiality application
(16/07/2020)
 
 
 Case: Virgin administration update - further orders for modification to personal liability made
(16/07/2020)
 
 
 Submission: ASIC CRIS 2019/2020
(7/07/2020)
 
 
 ARITA members COVID-19 issues - second survey (June 2020)
(7/07/2020)
 
 
 Practice Alert: Completion of historical ASIC searches
(7/07/2020)
 
 
 Case: Court declines to order inquiry in dispute between companies in liquidation
(7/07/2020)
 
 
 Practice Alert: New and updated PPSR materials with insolvency focus
(30/06/2020)
 
 
 Case: Guidance on s 561 and assets within the circulating security interest
(25/06/2020)
 
 
 Termination of ARITA membership – Ms Amanda Young
(22/06/2020)
 
 
 Attention Qld IPs: Queensland Small Business COVID-19 Adaption Grant Program
(18/06/2020)
 
 
 ARITA Journal: COVID-19 & the great lockdown
(17/06/2020)
 
 
 Case: Confirmation of leave to issue mothership proceedings in Federal Court
(17/06/2020)
 
 
 Submission Update: MBR laws to implement DIN pass through Parliament
(16/06/2020)
 
 
 Submission: Litigation funding and the regulation of the class action industry inquiry
(15/06/2020)
 
 
 Practice Alert: Release of draft CRIS for ASIC IFM for 2019/20
(16/06/2020)
 
 
 ARITA response to ASBFEO COVID-19 Recovery Plan
(3/06/2020)
 
 
 Case: The ‘Last Lap’ – examinations, information requests and personal costs
(2/06/2020)
 
 
 Practice Alert: UK insolvency law changes
(28/05/2020)
 
 
 Practice Alert: UPDATE ATO Cashflow Boost payment
(28/05/2020)
 
 
 Case: Former deed administrators can recover unfair preference as liquidators
(21/05/2020)
 
 
 Practice Alert: ATO Cashflow Boost payment
(19/05/2020)
 
 
 Practice Alert: COVID-19 safe workplaces
(18/05/2020)
 
 
 Practice Alert: Update concerning Federal Law Search functionality
(18/05/2020)
 
 
 Cases: Further Court orders in Colette and Techfront
(12/05/2020)
 
 
 Practice Alert: Federal Law Search unavailable
(8/05/2020)
 
 
 Case: Liquidator justified in admitting proof of debt by related company
(7/05/2020)
 
 
 Practice Alert: Treasurer uses emergency powers to modify Corporations Act
(6/05/2020)
 
 
 Practice Alert: Update - State & Territory legislation to implement Leasing Code
(5/05/2020)
 
 
 Case: Reasons released in first Virgin court application
(5/05/2020)
 
 
 Practice alert: Early release of superannuation by bankrupts
(4/05/2020)
 
 
 Survey highlights COVID-19 challenges for the insolvency profession
(1/05/2020)
 
 
 ARITA / AFSA / ASIC Liaison Meeting – 1 April 2020
(28/04/2020)
 
 
 ARITA successfully contests access to conduct files
(27/04/2020)
 
 
 Practice Alert: Alternative tests for access to JobKeeper payments
(27/04/2020)
 
 
 Case: Court makes orders to facilitate voluntary administration
(24/04/2020)
 
 
 Case: Public nature of liquidator’s examinations emphasised
(23/04/2020)
 
 
 Practice Alert: Australia Post confirms delays to postal delivery times
(22/04/2020)
 
 
 2020 Macquarie Bank Insolvency industry pulse check
(21/04/2020)
 
 
 Vale Ross Duus – former ARITA President & Life Member
(21/04/2020)
 
 
 Email account hacked: Please don't open emails purporting to be from 'Arita Admin'
(21/04/2020)
 
 
 Practice Alert: INSOL and World Bank summary of Australian & Global COVID-19 response
(20/04/2020)
 
 
 Practice Alert: Relief measures for tenancy arrangements (Part 1)
(17/04/2020)
 
 
 Practice Alert: State-based relief measures for tenancy arrangements (Part 2)
(17/04/2020)
 
 
 Practice Alert: Independence & taking appointments
(16/04/2020)
 
 
 Case: Administrators given short exemption from lease liabilities
(15/04/2020)
 
 
 Practice Alert: Access to JobKeeper payments by EXADs
(14/04/2020)
 
 
 Practice Alert: Holding DOCAs in the context of COVID-19 - not a universal solution
(9/04/2020)
 
 
 Practice Alert: Court availability & access during COVID-19 restrictions
(9/04/2020)
 
 
 Practice Alert: Voting & other practical issues with creditors' meetings during COVID-19
(9/04/2020)
 
 
 Practice Alert: Personal Insolvency Agreements (Part Xs) during COVID-19
(9/04/2020)
 
 
 Practice Alert: Global insolvency reforms for COVID-19 crisis
(7/04/2020)
 
 
 6 things you can do for your mental health when facing financial distress
(2/04/2020)
 
 
 Practice Alert: URGENT reforms & responses required for COVID-19 changes
(1/04/2020)
 
 
 Attention Qld IPs: Qld Government COVID-19 factsheet on business support initiatives
(27/03/2020)
 
 
 Guidance for lawyers: Helping clients with companies in financial distress
(26/03/2020)
 
 
 ARITA Journal: Creditor activism, the ILRA & unintended consequences
(25/03/2020)
 
 
 Practice Alert: Coronavirus Economic Response legislation commences
(25/03/2020)
 
 
 UPDATED: Guidance for accountants in public practice re clients with companies in financial distress
(24/03/2020)
 
 
 Directors’ duties in uncertain financial times
(24/03/2020)
 
 
 Practice Alert: Temporary relief for financially distressed businesses
(23/03/2020)
 
 
 Guidance for accountants in public practice: Helping clients with companies in financial distress
(20/03/2020)
 
 
 COVID-19: ARITA event cancellations update
(19/03/2020)
 
 
 Practice Alert: COVID-19 and personal insolvency appointments
(18/03/2020)
 
 
 Practice Alert: COVID-19 and corporate insolvency appointments
(18/03/2020)
 
 
 Case: High Court confirms broad scope of ‘officer’ under Corporations Act
(17/03/2020)
 
 
 Practice alert: Upcoming liaison meetings
(17/03/2020)