News

The latest news, updates and member resources.
 Submission: Transparency of business tax debts
(13/02/2018)
 
 


 ‘Shelf’ order for incoming liquidator to conduct investigations: Queensland Supreme Court decision
(12/02/2018)
 
 


 Leave to proceed against insurers of insolvent companies: Federal Court decision
(6/02/2018)
 
 


 The Essential Skills series has been expanded for 2018
(29/01/2018)
 


 Applying the ‘proportionality’ principle: Victorian Supreme Court decision on remuneration
(25/01/2018)
 
 


 Can a bankrupt sue for income earned during the bankruptcy? Victorian Supreme Court decision
(22/01/2018)
 
 


 ARITA / AFSA / ASIC Liaison Meeting - 5 December 2017
(18/01/2018)
 


 ACT Supreme Court considers role of Australian representatives of UK trustee in bankruptcy
(17/01/2018)
 
 


 Setting aside statutory demands: NSW Court of Appeal decision
(16/01/2018)
 
 


 Transparency of business tax debts: Exposure draft legislation released for consultation
(11/01/2018)
 
 


 Refund of bank charges
(11/01/2018)
 
 


 Applying for directions post-ILRA: Federal Court considers ‘new’ and ‘old’ legislation
(11/01/2018)
 
 


 ‘Ordinarily resident in Australia’: Full Federal Court decision on controlling trustee authority
(10/01/2018)
 
 


 Debt Agreement Reform Bill Inquiry: Exposure draft available
(10/01/2018)
 
 


 New compilation of Federal Court (Corporations) Rules available
(22/12/2017)
 
 


 Insurer’s liability for insolvent trading claim: Victorian Court of Appeal decision
(21/12/2017)
 
 


 Third party payments and preferences in bankruptcy: Full Federal Court decision
(19/12/2017)
 
 


 ‘Evidentiary value’ of a company’s books and records: Victorian Supreme Court decision
(18/12/2017)
 
 


 ARITA launches Safest Harbour ad campaign
(14/12/2017)
 


 Court voids transfer of real estate from bankrupt to spouse, dismisses trust claims
(14/12/2017)
 
 


 Court decision regarding trustee’s obligation to call meeting to consider s 73 proposal
(12/12/2017)
 
 


 References to ‘old’ (pre-ILRA) legislative provisions: Interpretation legislation may assist
(11/12/2017)
 
 


 Liquidators allowed remuneration for work done under invalid appointments: Federal Court decision
(8/12/2017)
 
 


 Debt Agreement Reform Bill referred to Senate Committee
(8/12/2017)
 
 


 Media release: Senate Inquiry gets it wrong on rural receiverships
(7/12/2017)
 


 Liquidators' claim for remuneration and expenses out of trust property: Qld Supreme Court decisions
(6/12/2017)
 
 


 Amendments made to Federal Court (Corporations) Rules
(5/12/2017)
 
 


 ARITA Journal: Former Enron CFO interview
(3/12/2017)
 


 One-year Bankruptcy Bill referred to Committee: Report due March 2018
(1/12/2017)
 
 


 WA Court of Appeal decides whether general security interest attaches to terminated-DOCA fund
(28/11/2017)
 
 


 Safe harbour guidance
(15/11/2017)
 
 


 Guidance for members on the recovery of ASIC industry funding levy
(15/11/2017)
 
 


 Joinder of multiple defendants to liquidator recovery proceedings: Recent judgment and rules reform
(13/11/2017)
 
 


 Queensland Court of Appeal decision demonstrates the reach of existing ‘anti-phoenix’ provision
(7/11/2017)
 
 


 WA Court of Appeal delivers decision on liquidator independence
(1/11/2017)
 
 


 AFSA secondment opportunities
(31/10/2017)
 


 One-year bankruptcy bill introduced into Federal Parliament
(19/10/2017)
 
 


 ARITA releases research paper on liquidator independence
(18/10/2017)
 
 


 ASIC releases updated user pays information
(11/10/2017)
 


 ILRA and early destruction of books in court-ordered liquidations: NSW Supreme Court decision
(29/09/2017)
 
 


 ILRA: Second list of requested 'fixes' to legislation
(29/09/2017)
 
 


 Consultation on reforms to address illegal phoenix activity
(28/09/2017)
 


 Bankruptcy decision: Can a court extend the 60 days to apply to set aside a s 139ZQ notice?
(26/09/2017)
 
 


 ILRA FAQs - updated 26 September 2017
(26/09/2017)
 
 


 New Compilation of Insolvency Practice Rules (Corporations) available
(22/09/2017)
 
 


 Federal Court decision on PPSA and bailments: Is there a ‘PPS lease’?
(22/09/2017)
 
 


 The safe harbour is now open
(20/09/2017)
 
 


 Federal Court decision: Linc Energy issues extend beyond mining and natural resources appointments
(20/09/2017)
 
 


 Government makes positive noises on DINs
(12/09/2017)
 


 Safe harbour and ipso facto reforms to become law
(12/09/2017)
 


 ARITA Journal: Robyn Erskine profile
(11/09/2017)
 


 Full Federal Court rules on asserted ‘abuse of process’ by presentation of debtor’s petition
(7/09/2017)
 
 


 New compilation of Insolvency Practice Rules (Bankruptcy) available
(6/09/2017)
 
 


 Recovery of the ASIC user pays levy
(5/09/2017)
 
 


 ARITA templates for ILRA released *updated 4 Sept*
(4/09/2017)
 


 ILRA: 1 September commencement uncovers more legislation errors
(4/09/2017)
 
 


 Updated information for stakeholders
(1/09/2017)
 


 Amendments made to Insolvency Practice Rules (Bankruptcy)
(30/08/2017)
 
 


 Amendments made to Insolvency Practice Rules (Corporations)
(28/08/2017)
 
 


 Trust decision in bankruptcy
(24/08/2017)
 
 


 ARITA precedent documents now available
(22/08/2017)
 
 


 Training Indonesian insolvency practitioners
(22/08/2017)
 


 Personal Insolvency Regulator newsletter (PIR): AFSA want your views
(14/08/2017)
 


 Hamish McCormick appointed AFSA Chief Executive and Inspector-General in Bankruptcy
(11/08/2017)
 


 Federal Court publishes reasons in Ten Network case
(11/08/2017)
 
 


 Life Memberships awarded at National Conference
(10/08/2017)
 


 Recent Court decision on third party payments and unfair preferences
(9/08/2017)
 
 


 Senate Committee Inquiry reports on Safe Harbour and Ipso Facto
(9/08/2017)
 


 Prohibition against COI member benefit: Court decision under existing law highlights ILRA changes
(31/07/2017)
 
 


 Requested ‘fixes’ to Insolvency Practice Rules
(28/07/2017)
 
 


 ARITA Mental Health Working Group - Industry representative required
(25/07/2017)
 


 ARITA 2020: Our strategic plan
(24/07/2017)
 


 Reprimands issued for plagiarised content
(14/07/2017)
 


 ARITA Templates for member consultation
(12/07/2017)
 
 


 ARITA / AFSA / ASIC Liaison Meeting - 14 June 2017
(10/07/2017)
 


 Court considers failure of registered liquidators to renew registration on time
(9/07/2017)
 
 


 Has Australia been wrong ‘footed’ on the concept of a ‘provable debt’?
(7/07/2017)
 
 


 ASIC User Pays commences
(3/07/2017)
 
 


 New version of s 60-20 (post-amendments) and guidance
(3/07/2017)
 
 


 Termination of ARITA Membership - Mr Ray Sutcliffe
(29/06/2017)
 


 Insurance risks for CPA practices
(28/06/2017)
 
 


 Administrators’ dismissal of employee held wrongful, but no order made for payment of entitlements
(23/06/2017)
 
 


 Court uses slip rule to address ILRA commencement oversight
(23/06/2017)
 
 


 Safe Harbour/Ipso Facto model: Final consultation
(21/06/2017)
 


 ARITA Journal: Financial distress and mental health
(21/06/2017)
 


 Liquidation remuneration approval post-Sakr Nominees: Further guidance in NSW Court decision
(20/06/2017)
 
 


 ILRA s 60-20 issue fixed
(19/06/2017)
 
 


 Federal Court follows Re Amerind and Re ICS to deny employees priority out of trust assets
(16/06/2017)
 
 


 WA Supreme Court decision on s 553C set-off, contractual set-off and how the PPSA affects mutuality
(12/06/2017)
 
 


 Full Federal Court allows s 596A examination of liquidator
(9/06/2017)
 
 


 Court decision on preferences and third party payments: Bankruptcy vs corporate provisions
(5/06/2017)
 
 


 The Common Reporting Standard - what does it mean for IPs?
(2/06/2017)
 
 


 Sakr Nominees: Court decision fixing remuneration
(2/06/2017)
 
 


 Reporting illegal acts - new accounting standard
(1/06/2017)
 
 


 Reforms to facilitate restructuring introduced
(1/06/2017)
 


 AFSA releases new video on untrustworthy advisors
(31/05/2017)
 
 


 NSW Court of Appeal considers classes in scheme of arrangement
(31/05/2017)
 
 


 Trusts issues extend to DOCAs
(30/05/2017)
 
 


 Submission: Select Committee on Lending to Primary Production Customers
(29/05/2017)
 


 Change to the meaning of PPS lease
(23/05/2017)
 
 


 Productivity Commission Inquiry – Data Availability and Use
(17/05/2017)
 


 Government Response to PC Inquiry into Business Set-up, Transfer and Closure
(8/05/2017)
 


 ASIC industry funding model: Exposure draft regulations released for consultation
(8/05/2017)
 


 Report on Superannuation Guarantee non-payment
(7/05/2017)
 
 


 Submission to inquiry into Superannuation Guarantee non-payment
(7/05/2017)
 


 Amendments to resolve s 60-20 issue
(5/05/2017)
 
 


 Expressions of interest: ARITA Young Professionals Committee
(1/05/2017)
 


 Bankruptcy and liquidation: A guide for people in business
(27/04/2017)
 


 Administrator independence and 'holding' DOCAs under the microscope: WA Supreme Court decision
(27/04/2017)
 
 


 ARITA / AFSA Liaison Meeting - 24 March 2017
(26/04/2017)
 


 Queensland environmental protection legislation trumps liquidators' disclaimer
(20/04/2017)
 
 


 Notices of winding up orders: ARITA seeks change to Federal Court (Corporations) Rules
(18/04/2017)
 
 


 ARITA Journal: Sakr appeal decision on remuneration & perils of cloud accounting
(28/03/2017)
 


 Distributing corporate trustee property & circulating security realisations: Victorian Supreme Court
(27/03/2017)
 
 


 ILRA: Guide to changes commencing 1 September 2017 (Corporate)
(23/03/2017)
 
 


 ILRA's 'split commencement' and new compilations of legislation
(21/03/2017)
 
 


 Trustee Performance Standards
(13/03/2017)
 


 NSW Court of Appeal delivers judgment on liquidator remuneration (Re Sakr)
(13/03/2017)
 
 


 Resignation of Brendan Nixon
(10/03/2017)
 


 Major victory for reasonable and proper liquidator remuneration
(10/03/2017)
 


 ARITA's new templates for the ILRA
(7/03/2017)
 


 Lodgement of CVL DIRRIs? Not till 1 September
(7/03/2017)
 


 The ILRA is here
(1/03/2017)
 


 ASIC user pays - consultation paper released
(23/02/2017)
 


 Fixtures and PPSA: NSW Court of Appeal upholds vesting of unperfected security interest
(8/02/2017)
 
 


 PPS: NSW Supreme Court rules on consequences of defective financing statement on VA
(6/02/2017)
 
 


 Termination of ARITA Membership - Mr Ross McDermott
(3/02/2017)
 


 Announcing ARITA's National Partners for 2017
(2/02/2017)
 


 ARITA achieves new protection for RLs against CoRA provisions
(1/02/2017)
 


 ILRA: ARITA's concerns regarding proposals without meeting
(31/01/2017)
 
 


 New remuneration rates for AFSA National Panel of Registered Trustees
(31/01/2017)
 


 ARITA's advocacy reflected in Chain of Responsibility Statutory Guideline
(30/01/2017)
 
 


 Applications for registration as a liquidator
(27/01/2017)
 


 ILRA: Guide to changes commencing 1 March 2017
(20/01/2017)
 
 


 ASIC Draft RG - Registration, disciplinary actions and insurance requirements
(19/01/2017)
 


 Final Insolvency Practice Rules (and related regulations) released
(18/01/2017)
 
 


 ARITA's Concerns: Insolvency Practice Rules (Corporate)
(18/01/2017)
 
 


 ILRA: Eight changes commencing 1 March which are easily overlooked
(18/01/2017)
 
 


 ARITA's ILRA Commentary
(18/01/2017)
 


 Committees of Inspection: ILRA fixes validity issue regarding separate meeting of contributories
(18/01/2017)
 
 


 Final Bankruptcy Rules Released
(12/01/2017)
 


 ARITA Advanced Certification: top students 2016
(22/12/2016)
 


 FEG Deed Poll Amended
(21/12/2016)
 


 Final Insolvency Practice Rules (and related regulations) released
(19/12/2016)
 


 ASIC user pays proposals - ARITA's position
(13/12/2016)
 
 


 Leave to proceed with action against company in liquidation refused, despite insurance policy
(13/12/2016)
 
 


 ARITA Journal: Ethics and professionalism
(6/12/2016)
 


 FEG Deed Poll & Questionnaires
(24/11/2016)
 


 Queensland 'Chain of Responsibility' guideline released for public consultation
(16/11/2016)
 
 


 ARITA comments on the draft Insolvency Practice Rules 2016
(14/11/2016)
 


 Insolvency Practice Rules - ARITA submission
(14/11/2016)
 
 


 Treasury releases ASIC user-pays model
(9/11/2016)
 


 AFSA Practitioner Inspections
(8/11/2016)
 


 Clarification on the use of indemnities
(24/10/2016)
 


 Insolvency Practice Rules released for consultation
(12/10/2016)
 


 Voluntary administrators resign following independence concerns
(6/10/2016)
 


 Latest NSW decision on liquidator remuneration provides further guidance
(15/09/2016)
 
 


 Referral of offences to ASFA by trustees
(14/09/2016)
 


 The risk of indemnities from related parties
(12/09/2016)
 


 Remuneration Payments from FEG
(5/09/2016)
 


 AFSA Online Lodgements
(5/09/2016)
 


 Beware insolvency leads for sale
(1/09/2016)
 


 IPs get more time to prepare for Insolvency Law Reform Act
(29/08/2016)
 


 ATO Garnishee Notices in VAs
(29/08/2016)
 


 Therapeutic Goods Regulation - Change or transfer of 'sponsor'
(9/08/2016)
 


 AFSA reviews non-professional expenses charged by practitioners
(7/08/2016)
 


 Discretionary Suspension of ARITA Membership - Randall Joubert
(27/07/2016)
 


 The end of the role of Official Liquidators
(27/07/2016)
 


 Updated Creditor Information Sheet - Offences
(4/07/2016)
 


 Search fees - NSW Sheriff
(4/07/2016)
 
 


 Senate inquiry into causes and consequences of the collapse of listed retailers in
(21/06/2016)
 


 Senate inquiry into white-collar crime
(21/06/2016)
 


 Improving bankruptcy and insolvency laws Proposals Paper
(14/06/2016)
 


 UK insolvency reforms proposed
(26/05/2016)
 


 How the interaction between bankruptcy and family law is applied
(24/05/2016)
 
 


 Court allows increase in remuneration claim
(23/05/2016)
 
 


 Corporate transparency - reform recommendations
(20/05/2016)
 
 


 Notifying Dick Smith's 7,300 creditors
(19/05/2016)
 
 


 A bankrupt mother left out of her son's will
(19/05/2016)
 
 


 Pay-roll Tax - WA
(19/05/2016)
 
 


 Care needed in accepting VA appointments
(16/05/2016)
 
 


 Special Olympics Sports Lunches
(3/05/2016)
 


 Selling a litigation claim, and s 447(2B)
(2/05/2016)
 
 


 ASIC and AFSA lodgments: ILRA 2016
(2/05/2016)
 
 


 Lodgments - ASIC, AFSA and the Insolvency Law Reform Act 2016
(1/05/2016)
 
 


 Insolvency Law Reform Act (ILRA) 2016 Training
(27/04/2016)
 


 Sons of Gwalia revisited
(26/04/2016)
 
 


 An inadvertent conflict - s 449C - ILRA 2016
(20/04/2016)
 
 


 Challenges to appointments of liquidators
(15/04/2016)
 
 


 Bankruptcy does not release debts incurred by fraud
(8/04/2016)
 
 


 UK wrongful trading comparison
(7/04/2016)
 
 


 PPSA - Part IX and Part X debtors
(6/04/2016)
 
 


 Protection of offence referrals - the impact of the ILRA 2016
(4/04/2016)
 
 


 The limits of the Fair Entitlements Guarantee
(3/04/2016)
 
 


 New Bankruptcy Court Rules, and impact of the Insolvency Law Reform Act 2016
(2/04/2016)
 
 


 The external administration of trustee companies
(24/03/2016)
 
 


 Open access to data - Productivity Commission Issues Paper
(23/03/2016)
 
 


 NSW Supreme Court - Commercial Equity Seminars - 26 April and 5 May 2016
(23/03/2016)
 
 


 Excluded Employees - when is a spouse or relative not excluded
(17/03/2016)
 


 Excluded Employees - when is a spouse or relative not excluded?
(16/03/2016)