Law Council of Australia

Business Law Section

CP 376: Consultation on Registered liquidators

Registration, ongoing obligations, disciplinary actions and insurance — Updates to RG 258 and supporting documents and templates

This submission concerning CP 376 is made by the Insolvency and Restructuring Committee (the IRC) of the Business Law Section of the Law Council of Australia.

The IRC is made up of experienced senior legal practitioners working in the insolvency and restructuring field.

This response deals with CP 376 Part B (Structural changes), Part C (Application requirements to be a registered liquidator), Part D (Ongoing obligations of registered liquidators), and Part E (Disciplinary and other actions).

As a broad observation, the IRC welcomes the proposed changes to RG 258.

Read the full submission below.

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