ASIC reissues some of its insolvency information sheets

 ASIC, Checklists and guides, Corporate Insolvency, External administration, Insolvency Law, Insolvency practices, Regulation
Sep 112017
 

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With the commencement on 1 September 2017 of the delayed parts of the Insolvency Law Reform Act 2016 (the ILRA), the Australian Securities and Investments Commission (ASIC) has updated some of the Information Sheets which it makes available on its website to the general public.

ASIC says  that “Information sheets provide concise guidance on a specific process or compliance issue or an overview of detailed guidance.”

Over time ASIC has issued about 36 insolvency information sheets and flow charts (click here for my list).  Below is a list of 15 which have recently been reissued.

In the past, nearly all ASIC’s information sheets have been available to download as printable sheets in PDF file format.  However, this facility has not (yet) been provided with the updated/reissued sheets, which are only available as text on ASIC web pages. The links below are to the relevant website pages.

ASIC INSOLVENCY INFORMATION SHEETS – REISSUED 1 SEPTEMBER 2017
Form Number
Title of Sheet
Date Updated
Link to ASIC site
INFO 39 Insolvency information for directors, employees, creditors and shareholders

1/9/2017

 INFO 39
INFO 41 Insolvency: A glossary of terms 1/9/2017 INFO 41
INFO 42 Insolvency: a guide for directors 1/9/2017 INFO 42
INFO 43 Insolvency: a guide for shareholders 1/9/2017 INFO 43
INFO 45 Liquidation: a guide for creditors 1/9/2017 INFO 45
INFO 46 Liquidation: a guide for employees 1/9/2017 INFO 46
INFO 53 Providing assistance to external administrators – Books, records and RATA 1/9/2017 INFO 53
INFO 54 Receivership: a guide for creditors 1/9/2017 INFO 54
INFO 55 Receivership: a guide for employees 1/9/2017 INFO 55
INFO 74 Voluntary administration: a guide for creditors 1/9/2017 INFO 74
INFO 75 Voluntary administration: a guide for employees 1/9/2017 INFO 75
INFO 84 Independence of external administrators: a guide for creditors 1/9/2017 INFO 84
INFO 85 Approving fees: a guide for creditors 1/9/2017 INFO 85
INFO 152 Public comment on ASIC’s regulatory activities 1/9/2017 INFO 152
INFO 212 Illegal phoenix activity 1/9/2017 INFO 212
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