Practice Alerts

To ensure our members are kept up to date on changes, ARITA's Specialist Team include articles of interest from a wide range of sources including legislative changes, ASIC, AFSA, ATO and other government and regulatory bodies.

Should you have any questions about any of the articles, please refer them to one of our Specialists

 Practice Alert: Updated Guidance on Small Business Restructuring (1/03/2024) 
 Practice Alert: proposed Safe Harbour changes (27/02/2024) 
 Practice Alert: Personal insolvency indexed amounts update (Dec 2023) (2/02/2024) 
 Practice Alert: Changes to SOA and AFSA processes (10/01/2024) 
 Practice Alert: Small business redundancy exemption loophole closed (8/12/2023) 
 Practice Alert: Validation of the date a statement of affairs is ‘filed’ (16/11/2023) 
 Practice Alert: AIA unfrozen & Corporations Act definitional changes (9/11/2023) 
 Practice Alert: Court releases guidance on schemes (30/10/2023) 
 Practice Alert – s 600G repealed & other procedural amendments (30/10/2023) 
 Practice alert: Appointee obligations where a defect in their appointment is alleged (26/10/2023) 
 Practice Alert: Personal insolvency indexed amounts update (Sept 2023) (26/10/2023) 
 Practice Alert: Personal insolvency indexed amounts update (20 Sept 2023) (21/09/2023) 
 Practice Alert: FEG views on the application of the BCA case (16/08/2023) 
 Practice alert: Vic employers must now destroy Covid-19 vaccination information (15/08/2023) 
 Practice alert: Applying for early destruction of books (1/08/2023) 
 Practice Alert: Personal insolvency indexed amounts update (26 Jul 2023) (27/07/2023) 
 Practice Alert: Please complete the AFSA Internal Audit Survey for Registered Trustees (12/07/2023) 
 Practice Alert: Indexed remuneration amounts updated (corporate) (4/07/2023) 
 Practice Alert: Personal insolvency indexed amounts update (March 2023) (4/07/2023) 
 Practice Alert: Release of draft CRIS for ASIC IFM for 2022/23 (29/06/2023) 
 Practice Alert: Guidelines relating to the treatment of CGT in bankruptcy (27/06/2023) 
 Practice Alert: Personal insolvency indexed amounts update (26 Apr 2023) (27/04/2023) 
 Practice alert: Qld – Building Security of Payment Act (29/03/2023) 
 Practice Alert: Personal insolvency indexed amounts update (20 March 2023) (27/03/2023) 
 Practice Alert Update: Bravure notifications to Registered Trustees (14/03/2023) 
 Practice Alert: ATO review of draft SBR proposals (9/02/2023) 
 Practice alert: Litigation funding - ASIC relief update (10/01/2023) 
 Practice Alert: Corporate Collective Investment Vehicles (18/11/2022) 
 Practice Alert: Personal insolvency indexed amounts update (September 2022) (3/11/2022) 
 Practice Alert: ABRS testing - company searches (25/10/2022) 
 Practice Alert: ASIC releases CRIS for 2021-22 (21/10/2022) 
 ALRC seeking survey participants (17/10/2022) 
 Practice Alert: ATO releases guidance on CGT in bankruptcy (30/09/2022) 
 Practice Alert: Personal insolvency indexed amounts update (20 Sept 2022) (26/09/2022) 
 Practice Alert: Amendments to Victorian Environmental Protection Act (21/09/2022) 
 Practice Alert: ASIC guidance for Queen's memorial public holiday (20/09/2022) 
 Practice Alert: AFSA guidance for Queen's memorial public holiday (14/09/2022) 
 Practice Alert: Legal status of directors who do not hold Director ID (13/09/2022) 
 Practice alert: Queen's memorial public holiday (12/09/2022) 
 Practice Alert: Personal insolvency exemplar behaviour case studies (29/08/2022) 
 Practice alert: ATO finalising position on CGT for Trustees (29/08/2022) 
 Practice Alert: ROCAP Version 2 (1/08/2022) 
 Practice Alert: Personal insolvency indexed amounts update (June 2022) (29/07/2022) 
 Practice Alert: Director ID requirements for companies in external administration (20/07/2022) 
 Practice Alert: Personal insolvency indexed amounts update (March 2022) (7/07/2022) 
 Practice Alert: WA - New Building Security of Payment Act (5/07/2022) 
 User testing of companies functions of new ABRS website (5/07/2022) 
 Practice Alert: CGT in bankrupt estates update (20/06/2022) 
 Practice Alert: Release of draft CRIS for ASIC IFM for 2021/22 (6/06/2022) 
 Practice Alert: Amendments to Bankruptcy Regulations & Rules (8/04/2022) 
 News 2022-23 Federal Budget the good the bad the ugly insolvency announcements (31/03/2022) 
 Practice Alert: Update on CGT in bankrupt estates (23/03/2022) 
 Practice Alert: Personal insolvency indexed amounts update (20 March 2022) (22/03/2022) 
 Practice Alert: Personal insolvency indexed amounts update (December 2021) (22/03/2022) 
 Practice Alert: External administration of Corporate Collective Investment Vehicle (1/03/2022) 
 Practice Alert: Virtual meeting voting using show of hands & notional place (10/02/2022) 
 Practice Alert: ASIC guidance on completing Form 574: Application for early destruction of books (8/02/2022) 
 Practice Alert: AFSA changes to insolvency guidance (7/02/2022) 
 Practice Alert Update: Bravure notifications to Registered Liquidators/Trustees (11/01/2022) 
 Practice Alert: Updated to APES 330 Insolvency Services (16/12/2021) 
 Practice Alert: Meeting with ATO re CGT in bankruptcy (13/12/2021) 
 Practice Alert: Guidance for members facing financial distress in their insolvency practices (2/12/2021) 
 Practice Alert: Personal insolvency indexed amounts update (September 2021) (9/11/2021) 
 Practice Alert: Update on CGT in bankrupt estates (29/10/2021) 
 Practice Alert: Bravure notifications to Registered Liquidators/Trustees (12/10/2021) 
 Practice Alert: Financial reporting and AGM relief - update to RG 174 (6/10/2021) 
 Practice Alert: Update to Status of State Supreme Courts Corporations Rules (6/10/2021) 
 Practice Alert: ASIC guidance on IFM levies for companies in external administration (7/09/2021) 
 Practice Alert: Meeting & communication relief for companies extended (11/08/2021) 
 Practice Alert: Personal insolvency indexed amounts update (June 2021) (4/08/2021) 
 Practice Alert: Has a request for information been made? (26/07/2021) 
 Practice Alert: Release of draft CRIS for ASIC IFM for 2020/21 (23/07/2021) 
 Practice Alert: Maximum default amount of remuneration (22/07/2021) 
 Practice Alert: New flowcharts added to ASIC INFO 29 (19/07/2021) 
 Practice Alert: Changes to service of documents under the Bankruptcy Act (7/07/2021) 
 Code FAQ: What are other relevant entities covered by the extended definition of 'Firm'? (4th ed) (6/07/2021) 
 Practice Alert: CGT in bankrupt estates (24/06/2021) 
 Practice Alert: Firms offering consumer 'debt management services' require credit licence to open (8/06/2021) 
 Practice Alert: Virtual meetings include providing telephone facilities & voting must be via poll (31/05/2021) 
 Practice alert: Corporate statutory demand threshold increased to $4,000 from 1 July 2021 (28/05/2021) 
 Practice Alert: SGC percentage change from 1 July (20/05/2021) 
 Practice Alert: Personal insolvency indexed amounts update (March 2021) (4/05/2021) 
 Practice Alert: Personal insolvency indexed amounts update (Revised March 2021) (4/05/2021) 
 Practice Alert: Electronic communications in external administrations (7/04/2021) 
 Practice alert: Bankruptcy Regulations 2021 finalised (22/03/2021) 
 Practice Alert: All RLs have positive obligations to report to ASIC regarding Temporary Relief (22/03/2021) 
 Practice Alert: ASIC notifications relating to small business reforms (2/03/2021) 
 Practice Alert: Director resignation changes (1/03/2021) 
 Practice Alert: Changes to pre-pack laws in UK (1/03/2021) 
 Practice Alert: New information sheets & templates for members (19/02/2021) 
 Code Guidance Note: How does the Code apply to small business restructuring? (10/02/2021) 
 Practice Alert: IFM levy amended for SBR (5/02/2021) 
 Practice Alert: ATO notifications for small business restructuring & simplified liquidations (4/02/2021) 
 Practice Alert: Personal insolvency indexed amounts update (2/02/2021) 
 Practice Alert: ASIC response following the service of court applications (1/02/2021) 
 Practice Alert: Small business insolvency reforms FAQs (21/01/2021) 
 Practice Alert: Status of ARITA's Small Business insolvency reforms guidance (18/12/2020) 
 Practice Alert: Bankruptcy threshold permanently increased to $10,000 effective 1 January 2021 (18/12/2020) 
 Practice alert: Interacting with the ATO (16/12/2020) 
 Practice Alert: Actual ASIC IFM costs 2019-20 (1/12/2020) 
 Practice Alert: New information sheets for creditors (30/11/2020) 
 Code: New DIRRI & Remuneration Approval Report templates (4th edition) (30/11/2020) 
 Code FAQ: Clarification on independence declaration in DIRRI (version 2 template) (30/11/2020) 
 Practice Alert: ASIC guidance for share transfers using s 444GA (28/10/2020) 
 Practice Alert: Treasurer extends COVID changes to meeting requirements (13/10/2020) 
 Practice alert: Temporary insolvent trading moratorium enforcement (29/09/2020) 
 Practice Alert: Key points on insolvency reforms to support small business (24/09/2020) 
 Practice Alert: Financial Products Consultation Paper released by Attorney-Generals Department (11/09/2020) 
 Practice Alert: Insolvency relief extended until new year (7/09/2020) 
 Practice Alert: AFSA Registered Trustee Information Forum 2020 (3/09/2020) 
 Practice Alert: Changes to Transport for NSW searches (3/09/2020) 
 UPDATED Stage 4 Restrictions Guidance for IPs based in Victoria or taking appointments in Victor (1/09/2020) 
 Code FAQ: Clarification of section 3.4 of COPP: Insolvency Services (4th edition) (26/08/2020) 
 Code Consultation: Update to DIRRI and Remuneration Approval Report Templates (4th edition) (26/08/2020) 
 AFSA & ASIC registration committees quick reference guide (20/08/2020) 
 Practice Alert: PPSR releases new industry-specific COVID-19 resources for small business (18/08/2020) 
 Practice Alert: Sunsetting of the Bankruptcy Regulations 1996 (12/08/2020) 
 Stage 4 Restrictions Guidance for IPs based in Victoria or taking appointments in Victoria (5/08/2020) 
 Practice Alert: Final claim for remuneration on BAS - Accounting on a cash basis (28/07/2020) 
 Practice Alert: Extension to timing for JobKeeper & JobSeeker (21/07/2020) 
 Practice Alert: Accounting for pre & post appointment JobKeeper payments (21/07/2020) 
 Practice Alert: Completion of historical ASIC searches (7/07/2020) 
 Practice Alert: New and updated PPSR materials with insolvency focus (30/06/2020) 
 Practice Alert: Release of draft CRIS for ASIC IFM for 2019/20 (16/06/2020) 
 Practice Alert: UPDATE ATO Cashflow Boost payment (28/05/2020) 
 Practice Alert: UK insolvency law changes (28/05/2020) 
 Practice Alert: ATO Cashflow Boost payment (19/05/2020) 
 Practice Alert: Update concerning Federal Law Search functionality (18/05/2020) 
 Practice Alert: COVID-19 safe workplaces (18/05/2020) 
 Practice Alert: Federal Law Search unavailable (8/05/2020) 
 Practice Alert: Treasurer uses emergency powers to modify Corporations Act (6/05/2020) 
 Practice Alert: Update - State & Territory legislation to implement Leasing Code (5/05/2020) 
 Practice alert: Early release of superannuation by bankrupts (4/05/2020) 
 Practice Alert: Alternative tests for access to JobKeeper payments (27/04/2020) 
 Practice Alert: Australia Post confirms delays to postal delivery times (22/04/2020) 
 Practice Alert: INSOL and World Bank summary of Australian & Global COVID-19 response (20/04/2020) 
 Practice Alert: State-based relief measures for tenancy arrangements (Part 2) (17/04/2020) 
 Practice Alert: Relief measures for tenancy arrangements (Part 1) (17/04/2020) 
 Practice Alert: Independence & taking appointments (16/04/2020) 
 Practice Alert: Access to JobKeeper payments by EXADs (14/04/2020) 
 Practice Alert: Voting & other practical issues with creditors' meetings during COVID-19 (9/04/2020) 
 Practice Alert: Court availability & access during COVID-19 restrictions (9/04/2020) 
 Practice Alert: Personal Insolvency Agreements (Part Xs) during COVID-19 (9/04/2020) 
 Practice Alert: Holding DOCAs in the context of COVID-19 - not a universal solution (9/04/2020) 
 Practice Alert: Global insolvency reforms for COVID-19 crisis (7/04/2020) 
 Practice Alert: URGENT reforms & responses required for COVID-19 changes (1/04/2020) 
 Practice Alert: Coronavirus Economic Response legislation commences (25/03/2020) 
 Practice Alert: Temporary relief for financially distressed businesses (23/03/2020) 
 Practice Alert: COVID-19 and personal insolvency appointments (18/03/2020) 
 Practice Alert: COVID-19 and corporate insolvency appointments (18/03/2020) 
 Practice alert: Upcoming liaison meetings (17/03/2020) 
 Practice Alert: Insolvency information sheet update (4/03/2020) 
 Practice Alert: What you need to know about the new illegal phoenixing legislation (Part 2) (27/02/2020) 
 Practice Alert: What you need to know about the new illegal phoenixing legislation (Part 1) (27/02/2020) 
 UPDATE: Anti-phoenix legislation commences (18/02/2020) 
 Practice Alert: New bankruptcy form (18/02/2020) 
 Code FAQ: Clarification of PSI3 Objections to proposal without a meeting (4th edition) (12/02/2020) 
 Practice Alert: Recent insolvency research papers (31/01/2020) 
 Practice Alert: UPDATE to status of State Supreme Courts Corporations Rules (21/01/2020) 
 Practice Alert: 4th edition of the Code has started (16/01/2020) 
 Practice Alert: Actual ASIC IFM costs 2018-19 (14/01/2020) 
 Practice Alert: Destruction of books and records (18/12/2019) 
 Practice Alert: ASIC updates guidance on referrers (9/12/2019) 
 Practice Alert: Do I need to maintain a trust account? (19/11/2019) 
 Code 4th edition training videos (18/11/2019) 
 Practice alert: FEG Recovery & Litigation presentation series - Call for topics (14/11/2019) 
 Video: ARITA Code Training (13/11/2019) 
 Practice alert: FEG Requests for information - External Administration of Corporate Trustees (5/11/2019) 
 Practice alert: Bankrupt pharmacists - Amendments to the National Health Act 1953 passed (30/10/2019) 
 Practice Alert: Liasion meetings - call for items (22/10/2019) 
 Practice Alert: Transparency of business tax debts bill passes the Senate (17/10/2019) 
 ARITA Code of Professional Practice Fourth Edition approved (24/09/2019) 
 Practice Alert: ASIC releases updated INFO 29 (19/09/2019) 
 Practice Alert: Improved PPSR reporting & guidance. Suggestions invited (18/09/2019) 
 Disclosure of referrers in DIRRIs (17/09/2019) 
 Overhaul of ARITA CPE requirements to support diversity (2/09/2019) 
 4th edition of ARITA Code - final member consultation (22/08/2019) 
 Practice Alert: Indexed maximum default remuneration (14/08/2019) 
 Practice alert: New bankruptcy Statement of Affairs - effective from 2020 (13/08/2019) 
 Practice Alert: ASIC review of ROCAP (6/08/2019) 
 Practice Alert: ASIC Remuneration Project - Form 5022 (22/07/2019) 
 Practice alert: AFSA Registered Trustee forum - Topic suggestions (10/07/2019) 
 Practice Alert: Final ASIC IFM levy estimates for 2018/19 (26/06/2019) 
 Practice Alert: STP information for IPs (26/06/2019) 
 Practice Alert: Updated list of ILRA issues (17/06/2019) 
 Practice Alert: Notice obligations in administrations which transition from VA to CVL (30/05/2019) 
 Practice Alert: ATO request for documents streamlined process pilot (20/05/2019) 
 Practice alert: The importance of contemporaneous file notes (6/05/2019) 
 Practice Alert: STP reminder and SGC changes (6/05/2019) 
 Practice Alert: ASX fact sheet for insolvency practitioners (29/04/2019) 
 Practice alert: Accessing Xero post appointment (16/04/2019) 
 AFSA annual estate return dates for lodgement and payment for 2018 19 (10/04/2019) 
 Electronic DIRRIs now possible & other miscellaneous amendments (9/04/2019) 
 Bill to strengthen FEG recoveries passed - amendments give unions standing (9/04/2019) 
 ATO to establish database of IPs for complex insolvencies (28/02/2019) 
 Practice Alert: Clarity on the application of section 509 (18/02/2019) 
 Proposed anti phoenixing amendments introduce to Parliament (18/02/2019) 
 Practice alert: Scope of operation for changes to restrict related creditor voting rights (1/02/2019) 
 ARITA guidance: Review and assessment of proxies (31/01/2019) 
 Practice Alert: 7th Anniversary of PPSR - Expiry date looming for certain registrations (22/01/2019)