Webinar On Demand - 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 uploaded to the Legal Practice Board after the Webinar On Demand is viewed. This is not an interactive activity.


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

• 15/10/2025 - CPD Webinar - Digital Contracting & Enforceability in 2025 - E-Signatures, AI, and the New Frontier

• 30/09/2025 - CPD Webinar - AML/CTF Compliance- A Sea Change Moment for Professional Advisers?

• 24/09/2025 - CPD Webinar - Tax Agent Obligations and Issues

• 17/09/2025 - CPD Webinar - Proving De Facto Relationships: Shifting Thresholds and Complex Family Dynamics

• 10/09/2025 - Webinar On Demand - Personal Insolvency Agreements and Section 73 Compositions in Bankruptcy

• 27/08/2025 - Webinar On Demand - The Nuts and Bolts of Modern Estate Planning

• 13/08/2025 - Webinar On Demand - When the ATO Come Knocking

• 30/07/2025 - Webinar On Demand - Unlocking Microsoft 365 Copilot

• 11/06/2025 - Webinar On Demand - Tax and Cryptocurrency – A Square Peg in a Round Hole

• 10/06/2025 - Webinar On Demand - UPEs and Div 7A – Implications of the Recent Bendel Decision

• 28/05/2025 - Webinar On Demand - End Of Financial Year Tax Rollup 2025

• 27/05/2025 - Webinar On Demand - End Of Financial Year SMSF Planning 2025

• 20/05/2025 - Webinar On Demand - Small Business Restructures and Director Penalty Notices

• 7/05/2025 - Webinar On Demand - When Directors are Personally Liable

• 8/04/2025 - Webinar On Demand - Drafting Estate Planning Documents to meet Litigation Risks

• 19/03/2025 - Webinar On Demand - Foreign Trust Taxation Issues

• 11/03/2025 - Webinar On Demand - How Binding are Financial Agreements

• 25/02/2025 - Webinar On Demand - Where Death Benefit Nominations Go Wrong

• 27/11/2024 - Webinar On Demand - AI in Professional Practices - Risks and Benefits

• 26/11/2024 - Webinar On Demand - Advising on Family Trusts in the 21st Century

• 19/11/2024 - Webinar On Demand - Family Law and Trusts

• 18/09/2024 - Webinar On Demand - Professional Advisers as Appointor of their Client’s Family Trust

• 31/07/2024 - Webinar On Demand - Sexual Harassment Laws in Australia

• 30/07/2024 - Webinar On Demand - Testamentary Trusts 101

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.