Description |
xxxvii, 277 pages ; 26 cm |
Series |
Parliamentary paper / Parliament of the Commonwealth of Australia, 0727-4181 ; no. 178 of 2004 |
|
Parliamentary paper (Australia. Parliament) ; 2004, no. 178
|
Contents |
Ch. 1. Introduction -- Ch. 2. Insolvency - the statutory context -- Ch. 3. The appointment, removal, functions and qualifications of administrators and liquidators -- Ch. 4. The duties of directors -- Ch. 5. Voluntary administration - success or failure -- Ch. 6. The rights of creditors - meetings, voting and access to information -- Ch. 7. The cost of external administrations -- Ch. 8. Phoenix companies -- Ch. 9. The reporting and consequences of suspected breaches of the Corporations Act 2001 -- Ch 10. The treatment of employee entitlements -- Ch. 11. Compliance with, and effectiveness of, deeds of company arrangement -- Ch. 12. Other issues -- Ch. 13. Cross-border insolvency -- Labor members' minority report -- Appendices |
Summary |
On 14 November 2002, the Parliamentary Joint Committee on Corporations and Financial Services agreed to consider and report on the operation of Australia's insolvency and voluntary administration laws. In its approach to the range of issues it had to consider, the Committee placed importance on the following objectives and values: encouraging early intervention in the affairs of companies in financial difficulties and restoring companies to profitable trading where practicable; striking a balance between voluntary administration and liquidation; protecting the interests of creditors and, in particular, employees in circumstances of financial difficulty and corporate malpractice; maximising the value of an insolvent company's assets; reducing the cost of credit; and encouraging the good management of companies and deterring malpractice, and in particular, abuses of the corporate form and insolvency procedures generally |
Analysis |
Business failures |
|
Company law |
|
Legislation |
|
Directors duties |
|
Key item |
|
Corporations Act 2001 |
Notes |
"June 2004" |
|
Chairman: Grant Chapman |
Bibliography |
Includes bibliographical references |
File Type |
Text (PDF) |
Notes |
Also available in an electronic version on the Internet. Address as of 27 Aug. 2004: http://www.aph.gov.au/Senate/committee/corporations_ctte/ail/report/ail.pdf |
|
System requirements: Adobe Acrobat Reader required to view/print PDF files |
|
Commonwealth of Australia 2004 |
Subject |
Australia. Corporations Act 2001.
|
|
Business failures -- Law and legislation -- Australia.
|
|
Bankruptcy -- Australia.
|
|
Business failures -- Australia.
|
|
Corporation law -- Australia.
|
|
Bankruptcy -- Australia.
|
|
Business failures -- Law and legislation -- Australia.
|
|
Business failures -- Australia.
|
Author |
Chapman, Grant, 1949-
|
LC no. |
00002598 |
ISBN |
0642714002 |
|