The Insolvency Law Reform Act 2016 (Cth) is the most comprehensive reform of bankruptcy and corporate insolvency laws in more than twenty years. It inserted into the Corporations Act a new s 600K which incorporates the Insolvency Practice Schedule (Corporations) which sets out the main provisions relating to companies under voluntary administration; subject to a deed of company arrangement; in liquidation or provisional liquidation.
The most significant features of the Insolvency Practice Schedule (Corporations) are:
- removal of the distinction between official and registered liquidators;
- enhanced registration and disciplinary frameworks applicable to registered liquidators;
- significant changes to rules dealing with remuneration of external administrators; including introduction of a statutory maximum default remuneration for corporate insolvencies involving companies with few or no assets, removing the need to convene creditors’ meetings and conferring a power on creditors, ASIC and the court to appoint a cost assessor to review and report on the reasonableness of the remuneration and costs incurred in the administration;
- abolition of certain mandatory creditor meetings and external administrator reporting obligations;
- enhanced creditor rights that enable creditors to remove a registered liquidator and appoint a replacement by ordinary resolution subject to the liquidator’s right to apply to the court to prevent removal. Creditors also have the right to make reasonable requests for information and records which the liquidator is obliged to meet unless there are insufficient funds; enabling liquidators to assign certain rights of action to third parties such as in relation to voidable transaction claims and insolvent trading; and
- increased powers to ASIC to monitor and audit the conduct of external administrations including powers to issue written directions to comply with Corporations Act requirements, to direct a liquidator not to accept any further appointments and to suspend or cancel a liquidator’s registration.
Domestic freight is via Australia Post. Alternatively we have a 'Click & Collect' option at no cost where the order can be picked up from the CDU Bookshop.
International Shipping Information
|5kg to 8kg
|8kg to 10kg
CDU Bookshop will not be responsible for late orders due to incorrect postal address.
Please note: Darwin is outside the next day delivery service guarantee for Australia Post. Express bags to capital cities can take up to seven working days.
We will despatch books within 24 hours of order however, if the complete order is not in stock we will do our best to contact customers and arrange split deliveries which may incur additional freight charges.
*The weight of each book can be found in the tags below
A refund of money will only be provided where books or other items purchased are:
defective or faulty OR fail to match the description.
Credit Notes will be considered under the following circumstances:
Credit notes for textbooks listed on current Text Book List will not be considered:
- withdrawal from a course of study
- incorrect book purchased for a course
- exemption granted from a course
- the sales receipt is provided for proof of purchase
- goods are in mint condition - books with access codes, passwords or CDs that have been opened are not returnable.
Credit Notes for general books will only be considered in exceptional circumstances.
- after 1 April for Semester 1
- after 1 September for Semester 2
- after 7 December for Summer Semester.