News

The latest news on insolvency administrations or other matters relating to insolvency may be found in this section, together with Public Notices relating to those administrations.

• ASIC Consultation Paper - Guidance for Directors

  ASIC has released a Consultation Paper outlining proposed guidance to directors on their duty to prevent insolvent trading.
  The Corporations Act imposes a positive duty on directors to prevent insolvent trading.
  more.....

• Sydney Liquidator suspended

  The Administrative Appeals Tribunal (AAT) has suspended Mr Geoffrey McDonald’s registration as a liquidator for two years after finding he failed to carry out or perform adequately and properly his duties as a liquidator under section 1292 of the Corporations Act (the Act).
  more...