Category: News
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‘Shocking statistic’: Only 10 per cent of liquidators are women. They’re getting impatient
09-23-24
Insolvency was known for an aggressive approach of “kicking down doors, banging tables”. That’s changed, and now there’s a push to boost women’s role in the sector. By Jessica Yun (Sydney Morning Herald, 23 September 2024) In some small circles of Australian insolvency practitioners – the corporate undertakers tasked with advising or taking control of […]
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TMA Voluntary Code for Equitable Insolvency & Restructuring Appointments (EIRA)
09-18-24
Read more about the code – https://turnaround.org.au/wp-content/uploads/2024/09/TMA-Australia-Vountary-Code-EIRA.pdf Sign up to the code – https://turnaround.org.au/wp-content/uploads/2024/09/TMA-NOW-Houlihan-Lokey-Sponsorship-The-Code-10-Sept.pdf Given the widespread acceptance of the Law Council of Australia Equitable Briefing Policy, the TMA recommends that firms and organisations working in insolvency, restructuring and turnaround adopt the TMA Voluntary Code for Equitable Insolvency & Restructuring Appointments (EIRA) launched at the […]
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TMA Australia’s Support of Safe Harbour
08-15-24
The TMA is supportive of the safe harbour protection from insolvent trading liability found in s 588GA of the Corporations Act 2001 (Cth) (the Corporations Act). As outlined in the TMA’s 2021 submissions Safe Harbour submissions – TMA Australia (turnaround.org.au) to the Review of the Insolvent Trading Safe Harbour (the Review), drawing on our members’ […]
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TMA-Houlihan Lokey Scholarship Recipient
05-22-24
Maggie Fong (Senior Associate, Herbert Smith Freehills, Sydney) TMA Australia is thrilled to announce that Maggie Fong (Senior Associate, Herbert Smith Freehills, Sydney) is the successful recipient of the FY25 TMA Australia-Houlihan Lokey International Scholarship. Toronto Awaits Join us in celebrating Maggie’s achievement as she gets ready to attend the TMA International NextGen Leadership Conference […]
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Parliamentary Joint Committee on Corporations and Financial Services – inquiry into corporate insolvency – Update
07-13-23
The TMA acknowledges the care and consideration that the PJC under the leadership of Senator O‘Neill has brought to this substantive report (here) The TMA welcomes the proposed comprehensive review of Australia’s insolvency law the report proposes, and look forward to engaging in that process, including to advocate for a key purpose of insolvency law […]