Major insolvency reforms became law in Australia on 29 February 2016, with an expected commencement date of 1 March 2017.
Keay's Insolvency is the only insolvency text book that:
- covers both the existing law and practice of 2016 and foreshadows the new regime in 2017;
- offers commentary and analysis of other insolvency reforms pending in 2016 under the government's important Innovation Agenda, which seeks to promote entrepreneurial business activity.
The timing of these important reforms is such that those studying and practising in insolvency need to have an understanding of what the law is now, and what is coming next year.
NEW TO THE NINTH EDITION
- Fully updated with case law and changes in the legislation to January 2016, with cross-references to the case book, Insolvency Law - Commentary and Materials
- Introduces readers to significant changes coming in 2017 under the Insolvency Law Reform Act 2016; as well as the Innovations Agenda's proposed safe harbour defence to insolvent trading and a one year period of bankruptcy, and other recommendations in the 2015 Productivity Commission and the 2014 Financial System Inquiry Reports
- Focus on corporate restructuring law and practice, including the latest innovative approaches to Pt 5.3A deeds of company arrangement and Pt 5.1 schemes, and arrangements outside the context of formal insolvency
- Updated commentary on international and cross-border insolvency, tax, employment, banking and personal insolvency
- Updated with the latest PPSA law and practice
- Explains the roles of the courts and of the duties of lawyers acting in insolvency
- Increased emphasis on the legal and regulatory requirements of ASIC, AFSA and ARITA, the Courts' rules and the ATO requirements
- Useful tables summarising and explaining the law
- Commentary on the latest statistical trends
- Insightful Foreword by Mark Robinson as the Australian President of INSOL International
ABOUT THE AUTHORS
Michael Murray remains a visiting fellow at the Queensland University of Technology, and is now a Fellow of the Australian Academy of Law, and continues to work in and contribute to the development and thinking of corporate and personal insolvency, and its practice and policy.
Jason Harris is now an Associate Professor in Law at the University of Technology, Sydney, and continues to teach and write extensively in the area, in particular in corporate law and restructuring. Each brings his respective knowledge, experience and thoughts to this important area of law and practice.