IN BRIEF
Changes to the way most corporate insolvency notices have to be
published came into effect on 1 July 2012. The Supreme Court of New
South Wales has provided some guidance about how parties can avoid
the cost of having to publish notice of any application to wind up
a company on both the new ASIC website and in the print media
Changes requiring most corporate insolvency notices to be
published on a new website run by the Australian Securities and
Investments Commission (ASIC) came into effect on 1 July 2012.
Details of the changes are discussed in
our recent article.
As discussed in our previous article, the introduction of the
new website publication requirements has not formally altered the
requirement under Federal Court and Supreme Court Rules, requiring
print media publication of notices of winding up applications. This
raises the issue of duplication of costs for publication of winding
up notices as they would need to be published both on the