Summary
Amends the:
Bankruptcy Act 1966
and
Corporations Act 2001
to align the registration and disciplinary frameworks that apply to registered liquidators and registered trustees (through the rules made by the Insolvency Practice Schedule (Bankruptcy) and Insolvency Practice Schedule (Corporations)); and align a range of specific rules relating to the handling of personal bankruptcies and corporate external administrations;
Australian Securities and Investments Commission Act 2001
to provide the Australian Securities and Investments Commission with further powers to assist in the oversight of the regulation of registered liquidators;
Corporations Act 2001
in relation to: payments for property; use of a company’s former name; termination of a deed of company arrangement; relation-back day; and the lodgement of documents with ASIC which require a notice to be in the prescribed form; and
Corporations Act 2001
and
Private Health Insurance (Prudential Supervision) Act 2015
in relation to notifications of contraventions of deeds of company arrangement. Also makes consequential amendments to 25 Acts.