Insolvencies occur frequently in the grain industry and businesses need to prepare for them. The best preparation is to attempt to avoid dealing with counterparties that are likely to enter insolvency but even with the best preparation it is likely that you will have to deal with an insolvent counterparty. We put together a list of useful guides and links to enable you to manage and deal with counterparty insolvency issue.

    Managing Isolvency in the Grain Industry Briefing Paper

    Changes to Insolvency/Ipso Facto Law - effective July 1, 2018

    A Guide to Selling Grain Using Grain Contracts

    Guide on Counter Party Risk

Useful resources:

ASIC Company Search

Reference to Definitions and Trade Rule No. 17 (Default)

Recent Member Updates on Insolvencies:

Member update on Dalgrains (LD) Pty Ltd

Member update on Lempriere Grain Pty Ltd

Member update on Special One Grain Accumulator Pty Ltd

Member update on Grainpro

Member update on Grainlink NSW