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ARTICLE · 21 MAY 2008

Disclosure Requirements For Insolvency Practitioners After 31 December 2007

Norton Rose Fulbright Australia
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Amendments to the Corporations Act coming into effect on 31 December 2007 mean that from that day administrators and liquidators will have to provide declarations of relevant relationships.

AustraliaCorporate/Commercial Law
David Porter
David Porter
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Amendments to the Corporations Act coming into effect on 31 December 2007 mean that from that day administrators and liquidators will have to provide declarations of relevant relationships. Administrators will also have to provide a declaration of indemnities.

The new declaration requirements are a small number of the many amendments to the Corporations Act coming into effect on 31 December 2007 and over the following months. Unlike most of the other amendments to the Corporations Act the new declaration requirements will require the implementation of systems by administrators and liquidators to ensure compliance. A failure to comply with the new requirements is an offence.

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