Federal Court of Australia - Revocation of Practice Note No 20

04/04/2008

On 2 April 2008 the chief justice of the Federal Court�revoked Practice Note No 20: Guidelines - Disclosure by Insolvency Practitioners of Fees to be Charged, which�was issued on 18 December 2003. It set out the information to be disclosed by insolvency practitioners in relation to their remuneration as liquidators or provisional liquidators.

The Corporations Amendment (Insolvency) Act 2007 (Cth) has Act amended various provisions of the Corporations Act 2001 (Cth), including those dealing with the disclosure, determination and review of the remuneration of administrators, provisional liquidators, liquidators and special managers.

The Practice Note is no longer considered to be necessary in light of the new and extensive disclosure provisions that have been inserted in the Corporations Act.

7 April 2008