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
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