The transfer of responsibility for supervision of Australia's corporate insolvency regime, the introduction of a new licensing system for insolvency practitioners and changes to the regulation of practitioners' remuneration are just some of the reforms recommended in a recently released Senate Economics References Committee report on the insolvency profession. Partner Michael Ilott and Law Graduate Jack Power look at the recommendations. http://www.aar.com.au/pubs/insol/foinsolsep10.htm

THE INTERNATIONAL SCENE: (citation: Naomi Moore, Jeffery Black, Australian Insolvency Law Reform Proposals Update: Reversing Sons of Gwalia, XXIX ABI Journal No. 6: 40-41, July/August 2010) - Naomi Moore, Jeffery Black