Keynote address to Insolvency Practitioners Association of Australia National Conference 2013
Keynote address by Greg Medcraft, Chairman, Australian Securities and Investments Commission at the Insolvency Practitioners Association of Australia (IPA) National Conference 2013, 9 May 2013.
The Insolvency Practitioners Association of Australia (IPA) represents a key stakeholder group for ASIC.
We work closely together to bring guidance and education to registered liquidators and do our best to ensure that the industry sets and maintains high standards.
We’ve made significant progress in recent years, and while there is much to be done, I know the IPA will work with ASIC to improve standards, implement reforms and deliver better outcomes for all parties.
Insolvency Law Reform Bill 2013
Before I begin, I’d like to briefly speak about the Insolvency Law Reform Bill, which frames the context for this address.
The Bill aims to improve practitioner professionalism, competency, communication and transparency, and the efficiency of insolvency administration.
Last year, ASIC established an Advisory Panel to provide input to ASIC on the implementation of the Government’s insolvency law reform initiatives. The IPA participates in that forum and has made a submission to Government.