The ACT has called upon the Government to commission a major enquiry into the corporate insolvency regime. All too often lenders, suppliers and customers treat the appointment of administrators as a step towards sale of the assets, rather than towards corporate reconstruction and the formation of a viable ongoing business, as was the intention of the Enterprise Act. An immediate review is important given that in recent years the relationships between participants in the lending markets have changed – there now being a wider diversity of lending institutions, more secondary trading of loans and far higher levels of derivative activity.