Deloitte’s Luci Palaghia. Deloitte’s Tim Heenan. A $4 million indemnity is not the kind of parachute one likes to see handed to a rival but in the contest for the ASX-listed Smiles Inclusive VA appointment late last year, it was almost certainly secured creditor NAB that decided who got the velvet rip cord. The thought occurred as iNO read various materials associated with Smiles Inclusive,…
AFSA deputy ceo Gavin McCosker Australia’s trustees in bankruptcy are about to learn the detail of a proposal that would see up to 20 per cent of all files AFSA and the Official Trustee farm out to private trustees reserved for the 10 per cent who are female. iNO’s spies divulged this week that the Australian Financial Security Authority (AFSA) is preparing to seek feedback…
Hall Chadwick’s new head of Personal Insolvency John Shanahan. Thinning liquidator ranks lose another: Kristen Beadle. As iNO reported elsewhere today, Melbourne-based Kristen Beadle has left Hall Chadwick and the insolvency profession to take up a role as manager public practice and SME with CPA Australia. iNO understands Beadle also intends to let lapse her registrations as a registered liquidator and trustee in bankruptcy. Hall…
No 1 for 1st half 2020/2021 – Hamilton Murphy’s Stephen Dixon. Sivaa Consulting’s analysis of ASIC’s latest insolvency statistics are out and the ravages wrought by measures imposed to combat COVID 19 are plain to see with registered liquidators reporting average declines of 50 per cent in formal appointments for the first half of FY 2020/2021 compared to the previous corresponding period. 1,614 CVLs were…
Brooke Bird’s Robyn Erskine. The temperature in Federal Court 19B went from too hot to too cold between last Friday and Monday this week but for the examinees summonsed to appear by liquidator Robyn Erskine, the chill did little to improve their recall. Central to the Brooke Bird principal’s investigation into North Shore Property Developments Pty Ltd are events that go back to 2014 but…
Trajan John Kukulovski. Well a three year suspension sounds preferable to cancellation of one’s registration as a liquidator so iNO reckons there was cause for celebrations aplenty over Christmas in the household of John Kukulovski. Kukuwhoski you ask? For readers unaware of the object of iNO’s interest, we refer you to the public announcement of this great nation’s corporate regulator on January 13, 2021. On…
Brooke Bird’s Robyn Erskine. There were testy exchanges in Federal Court room 19B yesterday, and it wasn’t just the examinees being put to question by counsel for Brooke Bird’s Robyn Erskine who were getting hot under the collar as the air conditioning failed. More than once barrister Scott Aspinall remarked about the oppressive atmosphere in the court where he has been grilling individuals associated with…
Deloitte defector Neil Cussen joins Cor Cordis You have to wonder how it is that Deloitte, which received the largest transfusion of fees in Australia in recent years courtesy of the Virgin appointment, can be haemorrhaging partners? That very question was put to iNO during a conversation with someone close to the recent move by liquidator and Deloitte veteran Neil Cussen to move to Cor…
Amanda Young at the NSW Supreme Court. 10 months after being charged with multiple criminal offences, former Jirsch Sutherland partner and struck-off liquidator Amanda Young has pleaded guilty to one charge of fraud and one count of dishonesty. Young pleaded guilty in the NSW Local Court on January 19, 2021. She will return to the NSW District Court ahead of sentencing on February 26. Her…
11th hour sword fall – Greyhouse Partners’ Ben Verney. Sydney based insolvency practitioners Chris Palmer and Liam Bailey supplanted Melbourne counterpart Ben Verney late last year after court orders were agreed less than a day before Verney and the creditors wanting him gone were due to put their conflicting arguments before NSW Supreme Court Corporations judge Ashley Black. On Monday December 28, short minutes of…