• Home /
  • Blog /
  • ASIC cancels more Liquidator Registrations

ASIC cancels more Liquidator Registrations

|
blog-img

It’s been a bit ugly for some liquidators recently.  During February 2013, ASIC cancelled the registration of two liquidators.  Both had been liquidators for many years and had backgrounds in the Big4 accounting firms.

112-12 exam dumps HP0-070 exam questions 000-903 Practice Exam Pdf HP0-070 exam questions 000-733 Exam Materials 000-903 Practice Exam Pdf 112-12 exam dumps 112-12 exam dumps HP0-070 exam questions HP0-070 exam questions HP0-070 exam questions All HP0-070 exam questions HP0-070 exam questions HP0-070 exam questions 000-733 Exam Materials the HP0-070 exam questions romance 112-12 exam dumps 000-903 Practice Exam Pdf HP0-070 exam questions HP0-070 exam questions 112-12 exam dumps HP0-070 exam questions HP0-070 exam questions 000-903 Practice Exam Pdf and 000-903 Practice Exam Pdf 000-733 Exam Materials 000-903 Practice Exam Pdf HP0-070 exam questions sentiment 000-903 Practice Exam Pdf 000-733 Exam Materials 000-733 Exam Materials HP0-070 exam questions of 000-903 Practice Exam Pdf 000-903 Practice Exam Pdf HP0-070 exam questions 000-733 Exam Materials 000-903 Practice Exam Pdf fancy 112-12 exam dumps had 000-903 Practice Exam Pdf disappeared.

Invariable 000-903 Practice Exam Pdf 000-903 Practice Exam Pdf 000-903 Practice Exam Pdf 112-12 exam dumps entreaties 000-903 Practice Exam Pdf 000-903 Practice Exam Pdf for 000-733 Exam Materials assistance, 000-733 Exam Materials 112-12 exam dumps always 000-733 Exam Materials attended 000-733 Exam Materials with 112-12 exam dumps resolutions 000-733 Exam Materials 000-733 Exam Materials 000-733 Exam Materials to 000-733 Exam Materials 112-12 exam dumps 000-733 Exam Materials 000-733 Exam Materials 112-12 exam dumps reform, vows, 112-12 exam dumps and 112-12 exam dumps 112-12 exam dumps promises on his honour 112-12 exam dumps All of it seemed and 112-12 exam dumps perhaps was sincere.

ASIC announced the cancellation of the registration as a Registered Liquidator of Paul Pattison, of Melbourne.  That decision followed a decision of the Federal Court from December 2012 whereby Mr Pattison was made a bankrupt.  In a seperate decision ASIC also obtained a director disqualification  against Mr Pattison  – he has been banned from managing a corporation for four years.  That disqualification occurred because Mr Pattison was a director of three failed companies.  Mr Pattison has the right to appeal and has in fact already lodged an application at the Administrative Appeals Tribunal.  I should say that I know Paul reasonably well as we are both former partners of Ernst & Young.   The background to his troubles is that his Insolvency Practice got into financial difficulty and that resulted in receivers and liquidators being appointed, and eventually his bankruptcy.   So the cancellation of registration as a liquidator resulted from the financial difficulties and not malpractice as a liquidator.

ASIC also announced that it had accepted an enforceable undertaking from Sydney liquidator Ian Struthers, who agreed to the cancellation of his registration for a minimum of three years.  The background is that ASIC reviewed 45 of Mr Struthers appointments and came to the view that he had failed to carry out his duties as a registered liquidator.  Mt Struthers has a background in insolvency going back to Touche Ross.

To put the above in context, there are around 670 registered liquidators in Australia.  And whilst 2013 has started with a bang, 2011 was a big year for liquidator bannings – in that year six liquidators were banned.

Related Articles