19. October 2010 11:44
The 15 October 2010 issue of BCLB is now online.
We note in particular the article by Chris Kintis of crisp legal, regarding the recent Senate Economics Committee report into the insolvency industry:
The Report clearly calls for significant reform of the regulatory framework under which insolvency practitioners operate. The Committee’s highly critical tone and bi-partisan approach in support of the proposed changes suggests that the industry is likely to come under some close scrutiny, and will have to give serious consideration to the recommendations. The important question now becomes how such reforms will impact the industry in the longer term, and how the industry will react to the sweeping changes proposed.