Cutting back the thicket of corporations and financial services law

Proctor Article by Dr William Isdale and Christopher Ash

This year, the Corporations Act 2001 (Cth) reached 20 years of age.

However, whatever celebration was justified must be coupled with a recognition that the Act has not quite ‘grown up’ – indeed, that it needs significant reform.

Last year the Australian Law Reform Commission (ALRC) was asked to inquire into how to “simplify and rationalise” corporate and financial services law. The ALRC’s first interim report on this topic was published on 30 November this year and the ALRC is now seeking feedback from interested stakeholders by 25 February 2022.