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Book Cover
Book
Author Australia. Parliament. Joint Committee on Corporations and Financial Services

Title Corporate insolvency laws : a stocktake / Parliamentary Joint Committee on Corporations and Financial Services
Published Canberra : Commonwealth of Australia, 2004

Copies

Location Call no. Vol. Availability
 MELB  KN 312 K1 Aus/Cil  AVAILABLE
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