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This easy-to-understand text presents an up-to-date picture of the complicated and changeable corporate law environment in Australia. The Corporations Amendment (Insolvency) Act 2007 (Cth) is given greater treatment in this edition. A number of Corporations Act amendments have been included and discussed, including the Cross-Border Insolvency Act 2007 (Cth) (CLERP 8) and the Corporations Legislation Amendment (Simpler Regulatory System) Act 2007 (Cth). A number of relevant Treasury, CAMAC, and ASX discussion papers and reports have been considered, including the recommendations made in the ASIC Strategic Review, released in 2008.