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ARTICLE · 13 JULY 2012

Publishing Winding Up Notices - Avoiding Duplication of Costs

Changes to the way most corporate insolvency notices have to be published came into effect on 1 July 2012.

AustraliaInsolvency/Bankruptcy/Re-Structuring

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

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