Inquiry into the effectiveness of Australia’s corporate insolvency laws

KPMG Australia’s submission to the Parliamentary Joint Committee into the effectiveness of Australia’s corporate insolvency laws puts forward recommendations and views to reduce complexity and improve access.

Recent years have seen reduced levels of insolvency appointments and therefore application of insolvency laws in Australia. This was due to a sustained period of historic low interest rates, a plentiful supply of debt and equity capital and pandemic relief measures provided by Federal and state governments. Australia was also one of a few OECD countries that introduced a temporary package designed to provide regulatory relief to financially distressed businesses during the pandemic. Despit...

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Authors: David Heathcote, Peter Gothard

Published Date: 01 December 2022