ARITA - Australian Restructuring Insolvency & Turnaround Association

Case update: Liquidators bear costs of retrospective approval under section 477(2B) of the Corporations Act Contributors Scott Butler RITF, Partner, Hall & Wilcox  Ann O'Connell (Watson), Special Counsel, Hall & Wilcox The Federal Court of Australia has ordered that liquidators bear their own costs of an application for retrospective approval to enter into agreements under s 477(2B) of the Corporations Act 2001 (Cth) (Act) where they had previously sought retrospective approval under s 477(2B) to enter into earlier agreements: 𝐼𝑛 𝑡ℎ𝑒 𝑚𝑎𝑡𝑡𝑒𝑟 𝑜𝑓 𝐺𝑟𝑒𝑎𝑡𝑐𝑒𝑙𝑙 𝑆𝑜𝑙𝑎𝑟 𝐿𝑖𝑚𝑖𝑡𝑒𝑑 (𝑖𝑛 𝑙𝑖𝑞𝑢𝑖𝑑𝑎𝑡𝑖𝑜𝑛) [2024] FCA 1121 (Greatcell No 2). Read the takeaways, background and decision (members only) at https://lnkd.in/g3GB5tGZ

And just like that - we're 5 days out from Christmas. 2024 has been a busy one and we've loved every moment. As we plan for our 2025 year, we'd like to share with you a few key stats from the year that was. Thank you for all your support throughout 2024. Happy Holidays from the Team at ARITA! #ARITA #Insolvency #Bankruptcy #Restructuring #Turnaround #2024

As we start to close out the year, we'd like to share a Christmas message from ARITA President Rachel Burdett RITF

Are you a mid-senior restructuring, insolvency or turnaround professional? Lock in your place at the 2025 ARITA National Conference before Christmas and take advantage of our early bird rates. Bookings can be made at https://bit.ly/3ByfHub 📅 Event Details: 📍 The Ritz-Carlton, Melbourne 🗓 Tuesday 1 – Thursday 3 April 2025 🔹Welcome Function - 1 April 🔹Full day Conference and Dinner - 2 April 🔹Full day Conference - 3 April 💼 Why Attend? ✅ Gain insights from leading RIT professionals ✅ Up to 11 verifiable CPE points ✅ Enjoy unparalleled networking opportunities 🎟 Exclusive Member Packages: ARITA Professional Members can save up to 40% when booking yourself and four colleagues! 🏨 Plus, lock in special accommodation rates at The Ritz-Carlton when you register early. 🎁 Give your career a Christmas gift to remember! Thanks to our sponsors Diamond National Partners Litigation Lending Services Limited Gordon Brothers Ritchie Bros. Alliance and Platinum National Partners Gallagher Australia and Frontline Accounting

Practice Alert: CGT liability on pre-appointment contracts Members should now be aware of the potential personal liability for capital gains tax (CGT) on sales of assets in external administrations and regulated debtor estates. Read the key takeaways (Members only) https://lnkd.in/gzQpNDMX

Are you a mid-senior restructuring, insolvency or turnaround professional? Lock in your place at the 2025 ARITA National Conference before Christmas and take advantage of our early bird rates. Bookings can be made at https://bit.ly/3ByfHub 📅 Event Details: 📍 The Ritz-Carlton, Melbourne 🗓 Tuesday 1 – Thursday 3 April 2025 🔹Welcome Function - 1 April 🔹Full day Conference and Dinner - 2 April 🔹Full day Conference - 3 April 💼 Why Attend? ✅ Gain insights from leading RIT professionals ✅ Up to 11 verifiable CPE points ✅ Enjoy unparalleled networking opportunities 🎟 Exclusive Member Packages: ARITA Professional Members can save up to 40% when booking yourself and four colleagues! 🏨 Plus, lock in special accommodation rates at The Ritz-Carlton when you register early. 🎁 Give your career a Christmas gift to remember! Thanks to our sponsors Diamond National Partners Litigation Lending Services Limited Gordon Brothers Ritchie Bros. Alliance and Platinum National Partners Gallagher Australia and Frontline Accounting

Practice Alert: Requesting information from other practitioners Requests for information from other insolvency practitioners, whether you are making the request or dealing with a request, require you to be not only professional and cooperative but also aware of obligations under the Corporations Act 2001, Bankruptcy Act 1966 and other legislation, such as the Privacy Act 1988. It may not be as simple as ‘ask and you shall receive.’ Read the key Takeaways (Members Only) https://lnkd.in/gce_6VZR

Is there a better way to build your network? At ARITA’s 2025 National Conference in Melbourne, you’ll have unparalleled opportunities to meet, mingle, and collaborate with the brightest minds in the restructuring, insolvency and turnaround profession. Take advantage of our Early Bird rates and book your place at our 2025 conference at https://bit.ly/4isDvA5 Event details Dates: 1-3 April Location: The Ritz-Carlton, Melbourne CPE: Up to 11 Hours Join your colleagues at our ever-popular networking events 🔹Welcome Reception at the State of Grace Rooftop Bar (1 April) and 🔹Conference Dinner at the spectacular Melbourne Museum (2 April), We look forward to seeing you there! Thank you to National Diamond Sponsors Litigation Lending Services Limited and Gordon Brothers Ritchie Bros. Alliance and Platinum National Sponsors Gallagher Australia and Frontline Accounting #ARITANationalConference2025 #Networking #ProfessionalGrowth #Insolvency #Bankruptcy #Turnaround #Restructuring #CPE #ProfessionalDevelopment

🎉 Thank you for joining us at the ARITA Expert Series: Small Practice seminar! 🎉 We extend our heartfelt appreciation to everyone who attended our engaging half-day seminar this afternoon. A huge thank you to our exceptional speakers and moderators who shared their insights and expertise: 📌 Navigating business sales in today's unpredictable market Denise Hall, Xcllusive Business Sales 📌 Managing complexity: The Blackwater Workers' Club journey through multiple appointments Peter Lucas RITP, Principal, P A Lucas & Co Pty Ltd 📌 In the matter of...case updates Angelina Kozary RITP, Partner, Holmann Webb Seamus Ryan RITP, Director, Velocity Legal 📌 Through the Lens of Liquidation: The Academy Photography Australia case. Anthony Phillips RITP, Director, Heard Phillips Lieberenz Chris Moody, Senior Manager, Heard Phillips Lieberenz 📌 5 phrases to avoid when advertising your new role Jo Brown, Recruitment Manager & Executive Search Consultant, Beaumont People 📌 Addressing psychological hazards and building trauma-informed practices in insolvency Tony Lane CA RITF RITF, Director, Beacon Advisory Moderated with the utmost professionalism by: Neil McLean RITF, ARITA Board Member, Chair of ARITA Small-Medium Practice Committee & Director, Rodgers Reidy Anthony Elkerton RITF, Deputy Chair of ARITA Small-Medium Practice Committee & Managing Principal, DW Advisory Your contributions have helped shape the future of the insolvency profession, and we’re thrilled to be able to share these insightful sessions. 🌟 Missed it? Stay tuned for more opportunities to connect and learn with ARITA in 2025. Particular thanks to our event sponsor Frontline Accounting #ARITA #Insolvency #Bankruptcy #Turnaround #Restructuring #SmallPractice #CPD #CPE #ProfessionalDevelopment

Registration is Now Open for ARITA's 2025 National Conference! Join us at The Ritz-Carlton, Melbourne, from 1–3 April 2025 for a truly exceptional gathering of Australia's top restructuring, insolvency, and turnaround professionals. 👉 Secure your place now at https://bit.ly/3B0l98O Why attend? 🔹Gain insights into the latest trends and challenges in the industry 🔹Hear from industry-leading speakers 🔹Participate in interactive panels and dive into real-world case studies 🔹Network with peers Earn up to 11 CPE points Don’t miss this must-attend event to equip yourself with the tools and connections needed to navigate these uncertain economic times. Book your spot today and take advantage of our early bird rates. #ARITA #NationalConference #Insolvency #Bankruptcy #Turnaround #Restructuring #Networking