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RBA Glossary definition for insolvency

insolvency – A situation where an entity has insufficient assets to cover the value of its liabilities, resulting in an inability to meet its financial obligations as they fall due.

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Background | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations

7 Jun 2011 Consultations
For these provisions to be fully effective, a number of jurisdictions will likely require changes to insolvency laws.
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/background.html

Key Policy Design Considerations | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations

7 Jun 2011 Consultations
For CCPs operating in Australia it will be important, therefore, to understand whether these arrangements can be implemented given the existing Australian insolvency regime, or whether changes to aspects of this ... The history of developing similar
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/key-policy-design-considerations.html