{"id":15180,"date":"2022-03-29T05:02:57","date_gmt":"2022-03-29T05:02:57","guid":{"rendered":"https:\/\/sites.thomsonreuters.com.au\/journals\/?p=15180"},"modified":"2022-03-29T05:02:57","modified_gmt":"2022-03-29T05:02:57","slug":"insolvency-law-journal-update-vol-29-pt-4","status":"publish","type":"post","link":"https:\/\/sites.thomsonreuters.com.au\/journals\/2022\/03\/29\/insolvency-law-journal-update-vol-29-pt-4\/","title":{"rendered":"Insolvency Law Journal update: Vol 29 Pt 4"},"content":{"rendered":"<p>*Please note that the links to the content in this Part will direct you to Westlaw AU. If you are using Checkpoint, the links can be found in the Checkpoint PDF at the bottom of this post.<\/p>\n<p>To purchase an article, please email: LTA.Service@thomsonreuters.com or contact us on 1300 304 195 (Australian customers) or +61 2 8587 7980 (international customers) during business hours (Mon-Fri, 8am-6pm AST).<\/p>\n<p>The latest issue of the <em>Insolvency Law Journal<\/em> (Volume 29 Part 4) contains the following material:<\/p>\n<p><a href=\"https:\/\/www.westlaw.com.au\/maf\/wlau\/ext\/app\/document?docguid=I8172d6a38d5b11ec831a9b63d4a99eb9&amp;tocDs=AUNZ_AU_JOURNALS_TOC&amp;isTocNav=true&amp;startChunk=1&amp;endChunk=1\" target=\"_blank\" rel=\"noopener\">EDITORIAL<\/a> \u00e2\u20ac\u201c <em>General Editor: Dr David Morrison<\/em><\/p>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I138da0388d0e11ecb36fb57cae14d076\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\">Click here to access on New Westlaw<\/a><\/p>\n<h3>Articles<\/h3>\n<p><strong><a href=\"https:\/\/www.westlaw.com.au\/maf\/wlau\/ext\/app\/document?docguid=I8172d6a08d5b11ec831a9b63d4a99eb9&amp;tocDs=AUNZ_AU_JOURNALS_TOC&amp;isTocNav=true&amp;startChunk=1&amp;endChunk=1\" target=\"_blank\" rel=\"noopener\"><em>A Descry of Pt XIV of the Bankruptcy Act: Bankruptcy Offences Committed by<\/em><\/a> <a href=\"https:\/\/www.westlaw.com.au\/maf\/wlau\/ext\/app\/document?docguid=I8172d6a08d5b11ec831a9b63d4a99eb9&amp;tocDs=AUNZ_AU_JOURNALS_TOC&amp;isTocNav=true&amp;startChunk=1&amp;endChunk=1\" target=\"_blank\" rel=\"noopener\"><em>Australian Bankrupts <\/em><\/a><\/strong>\u00e2\u20ac\u201c Christopher Symes<\/p>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I138da03b8d0e11ecb36fb57cae14d076\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\">Click here to access this article on New Westlaw<\/a><\/p>\n<p><a href=\"https:\/\/www.westlaw.com.au\/maf\/wlau\/ext\/app\/document?docguid=I8172d6968d5b11ec831a9b63d4a99eb9&amp;tocDs=AUNZ_AU_JOURNALS_TOC&amp;isTocNav=true&amp;startChunk=1&amp;endChunk=1\" target=\"_blank\" rel=\"noopener\"><em><strong>Part 5.3B: Move along Folks, Not Much to See Here <\/strong><\/em><\/a>\u00e2\u20ac\u201c David Morrison<\/p>\n<p style=\"text-align: justify\">This article makes an early evaluation of the recently introduced Pt 5.3B of the <em>Corporations Act 2001 <\/em>(Cth), somewhat crudely described as \u00e2\u20ac\u0153debtor in possession\u00e2\u20ac\u009d rules. Called \u00e2\u20ac\u0153simplified debt restructuring\u00e2\u20ac\u009d, the amendments follow, and in many respects are similar to, the Voluntary Administration provisions contained in Pt 5.3A. Cases considering Pt 5.3B are examined and some tentative ideas about the Part are raised for further consideration. Time and more adverse economic circumstances will determine how much Pt 5.3B is utilised by insolvency practitioners. For now, it is not clear that Pt 5.3B provides much of an alternative for small business, other than perhaps another shortcut to be taken by less scrupulous \u00e2\u20ac\u0153advisors\u00e2\u20ac\u009d.<\/p>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I138da0328d0e11ecb36fb57cae14d076\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\">Click here to access this article on New Westlaw<\/a><\/p>\n<p>RECENT DEVELOPMENTS \u00e2\u20ac\u201c <em>Editor: Dr David Morrison<\/em><\/p>\n<ul>\n<li><a href=\"https:\/\/www.westlaw.com.au\/maf\/wlau\/ext\/app\/document?docguid=I8172d6918d5b11ec831a9b63d4a99eb9&amp;tocDs=AUNZ_AU_JOURNALS_TOC&amp;isTocNav=true&amp;startChunk=1&amp;endChunk=1\" target=\"_blank\" rel=\"noopener\"><strong>CATSI Act Insolvency Reform \u00e2\u20ac\u201c Update<\/strong><\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I138da03d8d0e11ecb36fb57cae14d076\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\">Click here to access on New Westlaw<\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/www.westlaw.com.au\/maf\/wlau\/ext\/app\/document?docguid=I8172d6ac8d5b11ec831a9b63d4a99eb9&amp;tocDs=AUNZ_AU_JOURNALS_TOC&amp;isTocNav=true&amp;startChunk=1&amp;endChunk=1\" target=\"_blank\" rel=\"noopener\"><strong>Section 468 of the Corporations Act 2001: Broad Reach but Limited Application? <\/strong><\/a>\u00e2\u20ac\u201c <em>Alexander Schatz<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I138da0368d0e11ecb36fb57cae14d076\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\">Click here to access on New Westlaw<\/a><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.westlaw.com.au\/maf\/wlau\/ext\/app\/document?docguid=I8172d69d8d5b11ec831a9b63d4a99eb9&amp;tocDs=AUNZ_AU_JOURNALS_TOC&amp;isTocNav=true&amp;startChunk=1&amp;endChunk=1\" target=\"_blank\" rel=\"noopener\">Can the Official Receiver Accept a Debtor\u00e2\u20ac\u2122s Petition Presented on Behalf of<\/a> <a href=\"https:\/\/www.westlaw.com.au\/maf\/wlau\/ext\/app\/document?docguid=I8172d69d8d5b11ec831a9b63d4a99eb9&amp;tocDs=AUNZ_AU_JOURNALS_TOC&amp;isTocNav=true&amp;startChunk=1&amp;endChunk=1\" target=\"_blank\" rel=\"noopener\">Mentally Incapacitated Debtors? <\/a><\/strong>\u00e2\u20ac\u201c <em>Alice Robertson <\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I138da0348d0e11ecb36fb57cae14d076\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\">Click here to access on New Westlaw<\/a><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.westlaw.com.au\/maf\/wlau\/ext\/app\/document?docguid=I8172d6978d5b11ec831a9b63d4a99eb9&amp;tocDs=AUNZ_AU_JOURNALS_TOC&amp;isTocNav=true&amp;startChunk=1&amp;endChunk=1\" target=\"_blank\" rel=\"noopener\">Register Your Security Interest or Face the Consequences: Re Holdco Pty Ltd<\/a> <a href=\"https:\/\/www.westlaw.com.au\/maf\/wlau\/ext\/app\/document?docguid=I8172d6978d5b11ec831a9b63d4a99eb9&amp;tocDs=AUNZ_AU_JOURNALS_TOC&amp;isTocNav=true&amp;startChunk=1&amp;endChunk=1\" target=\"_blank\" rel=\"noopener\">(Administrators Appointed) (No 2) <\/a><\/strong>\u00e2\u20ac\u201c <em>Patrick Quirk<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I138da03e8d0e11ecb36fb57cae14d076\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\">Click here to access on New Westlaw<\/a><\/p>\n<p><a href=\"https:\/\/www.westlaw.com.au\/maf\/wlau\/ext\/app\/document?docguid=I8172d6938d5b11ec831a9b63d4a99eb9&amp;tocDs=AUNZ_AU_JOURNALS_TOC&amp;isTocNav=true&amp;startChunk=1&amp;endChunk=1\" target=\"_blank\" rel=\"noopener\">New Zealand Report<\/a> \u00e2\u20ac\u201c <em>Editor: Professor Lynne Taylor<\/em><\/p>\n<ul>\n<li><strong>Creditors and Trustees<\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I138da0318d0e11ecb36fb57cae14d076\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\">Click here to access on New Westlaw<\/a><\/p>\n<p><a href=\"https:\/\/www.westlaw.com.au\/maf\/wlau\/ext\/app\/document?docguid=I8172d6a68d5b11ec831a9b63d4a99eb9&amp;tocDs=AUNZ_AU_JOURNALS_TOC&amp;isTocNav=true&amp;startChunk=1&amp;endChunk=1\" target=\"_blank\" rel=\"noopener\">BOOK REVIEW<\/a> \u00e2\u20ac\u201c <em>Editor: Dr David Morrison<\/em><\/p>\n<ul>\n<li><strong>Research Handbook on Corporate Restructuring, by Paul Omar and Jennifer Gant (eds) <\/strong>\u00e2\u20ac\u201c <em>Reviewed by David Morrison<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I138da03c8d0e11ecb36fb57cae14d076\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\">Click here to access on New Westlaw<\/a><\/p>\n<p>For the PDF version of the table of contents, click here: <a href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-content\/uploads\/sites\/3\/2022\/03\/Westlaw-AU-Insolv-LJ-Vol-29-No-4-Contents.pdf\">Westlaw AU &#8211; Insolv LJ Vol 29 No 4 Contents<\/a>, <a href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-content\/uploads\/sites\/3\/2022\/03\/New-Westlaw-Australia-Insolv-LJ-Vol-29-No-4-Contents.pdf\">New Westlaw Australia &#8211; Insolv LJ Vol 29 No 4 Contents<\/a> or here: <a href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-content\/uploads\/sites\/3\/2022\/03\/Checkpoint-Insolv-LJ-Vol-29-No-4-Contents.pdf\">Checkpoint &#8211; Insolv LJ Vol 29 No 4 Contents<\/a>.<\/p>\n<p><a href=\"https:\/\/bit.ly\/3inD8t6\" target=\"_blank\" rel=\"noopener\">Click here to access this Part on Westlaw AU<\/a><\/p>\n<p><a href=\"https:\/\/tmsnrt.rs\/3tqmvD4\" target=\"_blank\" rel=\"noopener\">Click here to access this Part on New Westlaw AU<\/a><\/p>\n<p><a href=\"https:\/\/bit.ly\/3D0IcwF\" target=\"_blank\" rel=\"noopener\">Click here to access this Part on Checkpoint<\/a><\/p>\n<p>For general queries, please contact: <a href=\"mailto:tlranz.journal.orders@thomsonreuters.com\">tlranz.journal.orders@thomsonreuters.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest Part of the Insolvency Law Journal includes the following articles: &#8220;A Descry of Pt XIV of the Bankruptcy Act: Bankruptcy Offences Committed by Australian Bankrupts&#8221; \u00e2\u20ac\u201c Christopher Symes; and &#8220;Part 5.3B: Move along Folks, Not Much to See Here&#8221; \u00e2\u20ac\u201c David Morrison. Also in this Part are the following sections: Editorial; Recent Developments: &#8220;CATSI Act Insolvency Reform \u00e2\u20ac\u201c Update&#8221;; &#8220;Section 468 of the Corporations Act 2001: Broad Reach but Limited Application?&#8221; \u00e2\u20ac\u201c Alexander Schatz; &#8220;Can the Official Receiver Accept a Debtor\u00e2\u20ac\u2122s Petition Presented on Behalf of Mentally Incapacitated Debtors?&#8221; \u00e2\u20ac\u201c Alice Robertson; and &#8220;Register Your Security Interest or Face the Consequences: Re Holdco Pty Ltd (Administrators Appointed) (No 2)&#8221; \u00e2\u20ac\u201c Patrick Quirk; New Zealand Report: &#8220;Creditors and Trustees&#8221;; and Book Review: &#8220;Research Handbook on Corporate Restructuring&#8221;, by Paul Omar and Jennifer Gant (eds) \u00e2\u20ac\u201c Reviewed by David Morrison.<\/p>\n","protected":false},"author":17,"featured_media":11957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,38,39],"tags":[19576,17840,19586,8541,48,19585,19583,9366,19588,437,19579,1802,2453,19,19582,19591,18311,19577,16023,19590,13585,19578,1176,19587,19589,19584,19580,542,19581],"class_list":["post-15180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insolvency-law-journal","category-journals","category-update-summaries","tag-a-descry-of-pt-xiv-of-the-bankruptcy-act-bankruptcy-offences-committed-by-australian-bankrupts","tag-alexander-schatz","tag-alice-robertson","tag-articles","tag-book-review","tag-can-the-official-receiver-accept-a-debtors-petition-presented-on-behalf-of-mentally-incapacitated-debtors","tag-catsi-act-insolvency-reform-update","tag-christopher-symes","tag-creditors-and-trustees","tag-david-morrison","tag-debtor-in-possession-rules","tag-dr-david-morrison","tag-editorial","tag-insolv-lj","tag-insolvency-practitioners","tag-jennifer-gant-eds","tag-new-zealand-report","tag-part-5-3b-move-along-folks-not-much-to-see-here","tag-patrick-quirk","tag-paul-omar","tag-professor-lynne-taylor","tag-pt-5-3b-of-the-corporations-act-2001-cth","tag-recent-developments","tag-register-your-security-interest-or-face-the-consequences-re-holdco-pty-ltd-administrators-appointed-no-2","tag-research-handbook-on-corporate-restructuring","tag-section-468-of-the-corporations-act-2001-broad-reach-but-limited-application","tag-simplified-debt-restructuring","tag-small-business","tag-voluntary-administration-provisions-in-pt-5-3a"],"_links":{"self":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/15180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/comments?post=15180"}],"version-history":[{"count":0,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/15180\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/media\/11957"}],"wp:attachment":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/media?parent=15180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/categories?post=15180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/tags?post=15180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}