KPMG now Australia’s RL capital

KPMG Australia CEO Gary Wingrove. Having completed its acquisition of Ferrier Hodgson this week, KPMG is now home to more registered liquidators (RL) than any other firm. Based on the most recent ASIC data, the acquisition of Ferriers almost quadruples KPMG’s RL contingent, taking it from nine to 34 as of Monday when receptionists at what had been Ferriers offices started telling callers they had…

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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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Leigh to defend PPBA/Neolido fraud claim

David Leigh, the former PPB Advisory (PPBA) partner who stunned the profession after it emerged he had allegedly pinched $800,000 to pay debts, is set to stun again. In the Supreme Court of Queensland yesterday, Leigh filed a notice of intention to defend a claim for recovery of the funds, launched on February 28, 2018 by PPBA. From what can be gleaned from the document…

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