Left holding the baby: ARITA's advocacy on Queensland's new 'Chain of Responsibility' laws
- Publication Type:
- Journal Article
- ARITA Journal, 2016, 28 (3), pp. 18 - 19 (2)
- Issue Date:
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An overview and analysis of Queensland’s new ‘Chain of Responsibility’ laws and ARITA's concerns and advocacy in respect of these new laws. In June 2016 the Queensland Government established a working group to assist in the development of a statutory guideline in respect of the new ‘Chain of Responsibility’ (CoR) laws. Under the legislation, the statutory guideline is something which the relevant Qld Government Department ‘must have regard to’ in deciding whether to issue an EPO. ARITA was invited to participate in this working group and has been vocal in expressing significant concerns about the CoR laws – primarily the potential exposure of insolvency practitioners to these new types of EPOs and the possible unintended consequences for external administrations.
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