Industry responds to phoenix reforms

Industry has been quick to respond to the draft reforms Treasury released in August aimed at more effectively combatting illegal phoenix activity and the verdict from the two key bodies is mixed. Both the Australian Restructuring, Insolvency & Turnaround Association (ARITA) and the Australian Institute of Credit Management (AICM) lodged submissions to the draft reforms on September 28, 2018. The thrust of the submissions is that…

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