This page outlines a collection of information on our website regarding insolvency. You can refine these search results using the options provided in the left-hand menu.
We will constantly review and refine these results to ensure our Director Resource Centre helps you to quickly and easily find relevant information.
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See also our Director Q&A on Insolvent Trading and our submission to Federal Treasury (March 2010) as a starting point.
Director Q and A
The duty to avoid insolvent trading is one of the most important obligations for company directors and there are significant penalties under the Corporations Act 2001 for not complying. This Q&A covers the definition of insolvent trading and breaching the Act. It also discusses the warning signs...
Can directors be liable to creditors of an insolvent company where proper accounting records were not kept? Professor Bob Baxt reviews a recent court case in search of answers.
The Australian Securities and Investments Commission (ASIC) regards the rules relating to accounts, financial re...
This submission to Treasury is in response to the exposure draft of the Corporations Amendment (Phoenixing and Other Measures) Bill 2012.
While we support effective efforts to reduce fraudulent phoenix activity, we are eager to ensure that measures adopted to curtail the activ...
The Boardroom Report
Director pessimism grows, Australia urged not to squander its good fortune, Proposed Bill proves not so super, Weathering tough times, ASIC finalises guide on prospectuses,
Director pessimism grows
Over the past six months directors have become more pessimistic about current economic...
The Australian Institute of Company Directors provided comments to Treasury in response to the Options Paper: A Modernisation and Harmonisation of the Regulatory Framework Applying to Insolvency Practitioners. Our submission agreed that efforts should be taken to reduce the incidence of fraudulent p...