Regulation/Legislation

Promotion: AIIP Conference tackles big questions

Some of the profession’s most pressing questions will be explored and potential solutions debated at the inaugural Association of Independent Insolvency Practitioners (AIIP) Conference to be held next month in Canberra. Questions around safe harbour; pre-packs; litigation funding, law reform and what the future might have in store will all be canvassed at the Disruption in the Insolvency Industry Conference on June 28 and 29…

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Confidential ATO data shows phoenixing on the rise

More than 20 per cent of liquidations could involve illegal phoenix activity according to confidential Australian Tax Office (ATO) data divulged this week by Minister for Financial Services Kelly O’Dwyer, who also laid bare the inadequacy of efforts to curb the practice and eradicate complicit liquidators during a speech to Parliament on Wednesday. The Member for Higgins addressed the House of Representatives on the underlying purpose of the…