- As per Australia's insolvent trading law, discuss why the law should not be removed - companies who are unable to pay off debt should not be allowed to continue trading. Don't worry about defining the terms such as directors, insolvent trading, liability etc in your explanation. I'm already aware of them. Please provide reasons in detail as to why the law should not be removed. Looking for an explanation which is approx. 500-800 words. Upvote for the person who puts in effort and details in their response. Thanks in advance