Bankruptcy trustee’s axing imminent

Bankruptcy trustee Peter Dinoris facing disciplinary proceedings
Artemis Insolvency’s Peter Dinoris.

The bankruptcy regulator has confirmed what INO reported back on March 6, 2019 – Queensland-based trustee Peter Dinoris is potentially facing the chop.

Without fanfare the Australian Financial Security Authority (AFSA) has attached a notice on its register of trustees advising that the Inspector General in Bankruptcy had issued Dinoris with a show cause notice and received no response.

Accordingly, the Inspector General then referred the matter to a committee for “consideration and decision”.

As INO reported more than a month ago in Is Queensland Trustee’s Ticket On The Line? the Artemis Insolvency principal has been under a cloud for some time with rumours of impending disciplinary action.

Those rumours are now confirmed with “Disciplinary Action Particulars” having been attached to his listing on AFSA’s register of personal insolvency practitioners.

“On 26 March 2019 , the Inspector-General in Bankruptcy referred Mr Peter Dinoris to a committee convened under Part 2 of Schedule 2 to the Bankruptcy Act (the Act),” AFSA said.

“The Inspector-General in Bankruptcy had formed the belief that Mr Dinoris had failed to carry out adequately and properly the duties of a trustee (s40-40(1)(l) of Schedule 2 to the Act) and had failed to comply with standards prescribed for the purposes of s40-40(1)(p) of Schedule 2 to the Act.”

While Dinoris has not responded to requests for comment he’s clearly been aware of the impending action for some time and may well have decided to let his registration lapse.

As we reported on March 15, 2019 in: Queensland Trustee Offloading Files Dinoris has transferred active files to a number or practitioners, including McLeod PartnersBill Karageozis.

See: https://www.afsa.gov.au/practitioners/peter-dinoris

About the Author

Peter Gosnell
Insolvency News Online illuminates the practice of insolvency Australia-wide, highlighting the triumphs and travails of the nation’s registered practitioners and the accounting and legal professionals who work with them. INO is produced by Peter Gosnell, former business editor and senior business reporter at The Daily Telegraph newspaper. During a decade-long career, your correspondent reported on such notable corporate collapses as HIH, One.Tel, Westpoint and Fincorp as well as some of the nation's highest profile bankruptcies and the investigations and prosecutions arising from Australia's most notorious instances of white-collar crime.

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