Friday 17 May 2013


Insolvency law reform bill/ Chief Justice Bathurst



The major insolvency reforms revealed in the exposure draft of the Insolvency Law Reform Bill are not proposed for introduction into the forthcoming winter sittings of federal parliament.
While that had lately been expected, given the absence of any indications of priority being given to the reforms, it is now confirmed by the government's release (undated) of the list of Bills that are proposed for introduction. 

While both the Insolvency Law Reform Bill, and also the Bankruptcy Law Amendment Bill, relating to the reform of debt agreements, are on the government list, neither are marked for introduction in these sittings. 

The IPA will keep members informed on progress of the reforms.

Members will be interested to read the comments of Chief Justice Bathurst, of the NSW Supreme Court, on aspects of the reforms, given at last week's national IPA conference in Sydney. 

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