George Brandis (Queensland, Liberal Party, Attorney-General) Share this | Hansard source

Once again, Senator Georgiou, a very, very relevant question. Senator Georgiou, corporate insolvency is an area of law in which I used to practise, I might say, and I am very well familiar with the way in which corporate insolvency practitioners sometimes charge from the estate, from the administration, extremely large fees.

Corporate insolvency practitioners are subject to very, very rigorous regulation under the Corporations Act. They are also subject to very rigorous regulation and oversight by their professional body. But nevertheless, Senator Georgiou, you are right. You are right to say that the level of fees and charges charged by corporate insolvency practitioners such as receivers and liquidators and administrators is something that should be kept under review, and it is something that the Treasurer, Mr Morrison, and the assistant Treasurer, Ms O'Dwyer, do keep under review.