Bankruptcy Regulations 2021 - Exposure Draft & Discussion Paper
The submission to the Attorney-General’s Department in response to the Discussion Paper and Exposure Draft of the Bankruptcy Regulations 2021 was prepared by the Insolvency & Restructuring Committee of the Business Law Section.
The key matters raised in the Discussion Paper and arising from the Exposure Draft which the Insolvency & Restructuring Committee wishes to raise specifically to the department’s attention are as follows:
a. The Minor and Technical Amendments proposed in the Exposure Draft are uncontroversial and require little further consideration.
b. In considering the more substantive or other clarifying amendments proposed in the Exposure Draft we have considered each major item and any specific questions raised in the Discussion Paper in order of appearance and then considered any other matters which require submissions. Broadly speaking most of the proposed changes appear reasonable but some of the proposed clarifying amendments may have the effect of obfuscating or confusing issues or lengthening the proposed Regulations unnecessarily.
You can read the full submission below.
Last Updated on 16/02/2021
Share
Related Documents
Tags
Most recent items in Business Law Section
Business Law Section
Strategic Examination of Research and Development (R&D)
Business Law Section
Addressing corporate misuse of the Fair Entitlements Guarantee – Discussion Paper
Business Law Section
Consultation Statement 16 Reportable Situations – Additional Relief (CS 16)
Trending Items in Business Law Section
Business Law Section
Forsyth/Pose Scholarship
Business Law Section
Santow Scholarship
Business Law Section