Submission: 2022-23 Pre-Budget Submission


ARITA has called on the Government to prioritise a comprehensive Australian Law Reform Commission (ALRC) review of Australia’s personal and corporate insolvency laws as part of the 2022-23 budget.

Referencing ARITA’s 2020 8-point plan, comments made by the Assistant Treasurer at a 2021 ACCI event and the ALRC’s support of a comprehensive review, as noted in the Hon Justice S C Derrington’s, President of the ALRC and Federal Court of Australia, speech at an ARITA event, we urged the Government to consider funding and commissioning the ALRC to undertake this “root and branch” review as part of the upcoming budget as it last did in ALRC 45 – the Harmer Inquiry – in 1988.

Read ARITA’s submission