Worrells partner seeks to strike out phoenixing case

Worrells partner Jason Bettles. Worrells Queensland partner Jason Bettles has gone on the front foot in his defence of allegations brought by the corporate regulator of complicity in illegal phoenixing, launching an application to have ASIC’s case struck out. Submissions lodged with the Federal Court reveal that Bettles, who could face a judicial inquiry into his conduct as liquidator of Member Alliance Group if his…

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Regulators continue jihad on practitioner compliance

COMMENT Presenting oneself as a fierce and tireless scrutiniser of insolvency practitioners is all the rage among the relevant regulators at the moment. The view among much of the bureaucracy seems to be that these highly qualified professionals cannot be trusted and only heavy regulatory shackles will prevent them from abusing their position to the detriment of all. It’s nonsense of course but regulation is…

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KPMG partner’s insistence “disappointing”: QNI Judge

KPMG’s Peter Gothard. Whilst the real pain of Wednesday’s judgment in Parbery & Ors v QNI Metals Pty Ltd & Ors [2020] QSC 143 will be felt by QNI’s general purpose liquidators (GPL) FTI Holdings, Queensland Supreme Court judge Debra Mullins didn’t pull any punches when it came to a couple of elements of the testimony of KPMG partner Peter Gothard. Gothard had been brought…

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