CPD Webinar - Personal Insolvency Agreements and Section 73 Compositions in Bankruptcy

1 CPD Unit – Substantive Law

Personal Insolvency Agreements (PIA) and Section 73 Compositions are some of the lesser-known, but incredibly powerful, tools available within Australia’s personal insolvency framework.

When clients are financially struggling, it is all about options and outcomes - specifically, how individuals facing overwhelming debt can use PIA and Section 73 Compositions to chart a course forward, without being locked into the full term of bankruptcy.

Whether you’re a financial professional, a legal adviser, or someone simply looking to better understand the alternatives to bankruptcy, this webinar is designed to give you clarity, insight, and practical knowledge you can apply.

Join Phil Davie and Shannon O’Connor from RSM Australia, Restructuring & Recovery as they dive into the world of debt relief with dignity and examine how these solutions can help Australians reset their financial futures with integrity and hope.

In the webinar, Phil and Shannon will take you through:

• An update on the current state of play from a personal insolvency perspective;
• An overview of PIA and Section 73 Composition process;
• When might a PIA or a Section 73 Composition be beneficial;
• Practical considerations when proposing a PIA or a Section 73 Composition;
• PIAs and Section 73 Compositions in practice.

This webinar is suitable for accountants, lawyers and other professional advisers and is pitched at an intermediate level.

Continuing Professional Development

Legal CPD:

WA legal practitioners (QA Provider ID 29250)

1 CPD Unit, CPD Obligation Field 4 – Substantive Law. To ensure you receive your CPD Units for this event, please provide us with your Legal Practice Board Practitioner ID during registration. Note: CPD Units are only available for participation in the live webinar. At this time, webinar recordings (for those that are registered but unable to attend) are not eligible for WA Legal CPD Units.

Legal practitioners outside of WA

If you consider that this webinar satisfies your individual requirement, or is relevant to your immediate or long-term professional development needs, you may claim 0.5 CPD Units for every 30 minutes of attendance and participation.

Accounting CPD:

1 CPD Point

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Presenters: Phil Davie & Shannon O’Connor
Restructuring and Recovery, RSM Australia

Phil Davie
Director – Restructuring and Recovery, RSM Australia

As a registered liquidator and experienced adviser, Phil specialises in collaborating with corporate and individual clients to guide them through periods of financial distress, aiming to achieve commercially viable outcomes.

Phil possesses a comprehensive approach to problem-solving, leveraging extensive knowledge and experience to navigate complex financial situations and facilitate optimal resolutions that align with the interests of all parties.

In addition to his technical skills and financial acumen, Phil's compassionate approach sets him apart in the industry. Clients appreciate his ability to listen, empathise, and provide support during difficult times, knowing that they have a trusted partner by their side every step of the way.

Shannon O’Connor
Director – Restructuring and Recovery, RSM Australia

Shannon brings with her a wealth of experience, having worked within the insolvency industry since 2010.

With years of experience within the field, Shannon adeptly navigates complex financial situations, identifying and recovering assets and claims to achieve favourable outcomes for stakeholders.

Shannon is motivated by the opportunity to work with individuals, families, and their businesses during times of financial hardship and dispute to help them understand their financial circumstances, the options available to them, and the impact of these options.