INFO 41
Insolvency: A glossary of terms
This is Information Sheet 41 (INFO 41). It briefly explains some of the terms you may come across in company insolvency proceedings.
In plain English
INFO 41 explains common terms used when a company faces insolvency proceedings.
ASIC published INFO 41. It clarifies terms related to company insolvency. Directors, employees, creditors, and shareholders may find it useful. It does not specify a commencement or revision date.
Why it matters
Understanding insolvency terms helps business owners, directors, and stakeholders navigate difficult situations. It promotes transparency and informed decision-making during company failures.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/insolvency/insolvency-information-for-directors-employees-creditors-and-shareholders/insolvency-a-glossary-of-terms/. Rules Mate indexes + summarises; always verify against the regulator's live publication.