The government has said it will hold off on adopting any recommendations from the insolvency inquiry until it has completed its inquiry into business dynamism.
The government has issued its response to recommendations from the parliamentary joint committee that undertook an inquiry into corporate insolvency in 2023.
In its final report, the committee said Australia’s corporate insolvency system was overly complex, difficult to access and created unnecessary cost and confusion for both debtors and creditors.
The committee recommended that the government commission a comprehensive and independent review of Australia’s insolvency law, encompassing both corporate and personal…