Insolvency Law Reform – Some Views

Michael Murray of Murrays Legal argues that Australia’s next insolvency reform agenda should move beyond incremental corporate insolvency fixes and use systems-based, data-driven and economically informed analysis to better address MSME realities, including the overlap between personal and corporate liabilities, weak tax-payment design, low asset recoveries, ATO-driven distress, employee reallocation, zombie businesses and the need to recalibrate restructuring against productivity-enhancing business exit.

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