Share on LinkedInShare on LinkedIn

ARTICLE · 05 DECEMBER 2019

Insolvency Practices Inquiry: What To Expect

The Australian Small Business and Family Enterprise Ombudsman has established an own-initiative inquiry into "the insolvency system".

AustraliaInsolvency/Bankruptcy/Re-Structuring

The Australian Small Business and Family Enterprise Ombudsman has established an own-initiative inquiry into "the insolvency system". The inquiry will be conducted by the Ombudsman with the assistance of a Reference Group chaired by former Senator John 'Wacka' Williams. It aims to deliver an interim report in December 2019 and a final report in February 2020.

According to its terms of reference, the inquiry will examine:

  • The existing insolvency system through the experience of small businesses, in particular, where they may be able to contribute to the process
  • The degree of transparency of the governance, processes and costs of practitioners including legal experts, valuers, investigating accountants, administrators, receivers and liquidators

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

About Dentons

Dentons is the world's first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world's largest law firm, Dentons' global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries. www.dentons.com.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from