ASIC's perspective of current insolvencies and the role of the insolvency practitioner
An address by Professor Berna Collier, ASIC Commissioner, to the Insolvency Practitioners Association of Australia (WA Division), 20 March 2002.
Thank you for inviting me to speak today.
The topic of my presentation today is 'ASIC's perspective of current insolvencies and the role of the insolvency practitioner.' There are many issues I would like to address in this context. In view of time limitations however I will limit this presentation to the following topics:
- a quick briefing on key insolvency-related cases in which we are currently involved
- the powers which we might use in an investigation
- insolvency issues we anticipate arising for ASIC in the next twelve months
- our interaction with the insolvency profession.