Summary
Amends the Australian Securities and Investments Commission Act 2001, Corporations Act 2001 and Superannuation Guarantee (Administration) Act 1992 in relation to: protections for employee entitlements; improved information to creditors; a statutory pooling process to facilitate winding up related companies; enhanced powers to investigate registered liquidators; removal of the penalty privilege in suspension and disqualification proceedings; regulation of insolvency practitioners; and voluntary administration procedures.