The Corporations Amendment (Insolvency) Bill 2007 has been passed by Parliament and is waiting Assent.

UPDATE: Corporations Amendment (Insolvency) Act 2007 as passed

Chris Pearce, the Parliamentary Secretary to the Treasurer spoke about the Bill in his speech “The changing role of creditors in insolvency” to The Banking and Financial Services Law Association.

He spoke about:

• the treatment of employee entitlements,
• practitioner independence,
• practitioner fees,
• measures to deter misconduct, and
• the new
  pooling regime.