Lipton & Herzberg Understanding Company Law Chapters 22 – 25
Insolvency Law Reform Reports and Papers
Australian Government Proposals Paper: A Modernisation and Harmonisation of the Regulatory Framework Applying to Insolvency Practitioners in Australia December 2011.
CAMAC Report Shareholder Claims against Insolvent Companies: Implications of the Sons of Gwalia Decision (Dec 2008)
CAMAC Report Issues in External Administration (Nov 2008)
CAMAC Report Long-tail Liabilities: the Treatment of Unascertained Future Personal Injury Claims (May 2008)
General Insolvency Inquiry (The Harmer Report) 1988 made far-reaching recommendations many of which were adopted in 1992.
- The Corporations Act recognises 3 main types of corporate insolvency administrations (also referred to as external administration) –
- receivership – discussed in Lipton and Herzberg, Understanding Company Law chapter 23
- voluntary administration – discussed in Lipton and Herzberg, Understanding Company Law chapter 24
- liquidation – discussed in Lipton and Herzberg, Understanding Company Law chapter 25
Lipton and Herzberg, Understanding Company Law chapter 22 provides an overview of the various types of insolvency administrations.
ASIC provides three information sheets for creditors that give an overview of the insolvency administrations.