KPMG auditor Adam Twemlow. For a man who may soon find himself the target of yet another class action, KPMG auditor Adam Twemlow displayed a generally unflappable demeanour yesterday during several hours in a Federal Court witness box. The Partner In Charge of KPMG Enterprise, Metro Region in Brisbane was the last examinee for 2023 as part of public examinations brought by dentist investors burned…
Vincents Business Advisory director David Rose. SM Solvency Accountants’ Jarrod Sierocki. As iNO reported last week, our recent investigations indicate that SM Solvency Accountants, having lost key staff in the past few months, was also about to lose Brendan Nixon, the only member of the firm authorised to accept insolvency appointments. Despite multiple requests via mail and voicemail to either confirm or deny neither Nixon…
Brendan Nixon. When a firm has but a single WIP magnet, its continued existence might be deemed precarious when the appointment taker declares he’s done. According to iNO’s sources, that’s what’s happening up in Annastonia where Jarrod Sierocki’s SM Solvency Accountants is contemplating the departure of key man and registered liquidator Brendan Nixon. We hear Brisbane-based Nixon has decided to take a break and with…
RSM partner Neil Cribb. Sheridan’s Jennifer Low. As best we can tell RSM partner and West Australia insolvency veteran Neil Cribb has chosen not to appeal the November 11 decision of Federal Court judge Neil McKerracher in Cribb v Kingsbury (No 2) [2021] FCA 1397. “No doubt such cases will come in many different forms, but certainly in this case I do not consider Mr Kingsbury’s…
Deloitte partner Robert Woods. Cor Cordis partner Daniel Juratowitch. iNO has rarely read a decision where so many irregularities have been forgiven on the way to ruling in favour of an appellant seeking to terminate a winding up. Yet in Re The Thoroughbred Consultants Pty Ltd [2021] VSC 627 we have detailed reasons why Supreme Court of Victoria judge Michael Osborne decided that a winding…
iNO Priority RRI Advisory’s Trajan “John” Kukulovski. RRI Advisory’s Liam Bellamy. Noses appear to be out of joint in the Chan & Naylor family, with iNO learning that the mid-tier accountancy is looking elsewhere for insolvency services after its existing go to liquidators – Liam Bellamy and Trajan “John” Kukulovski – parted company with Chan & Naylor principals Ed Chan and Peter Ristevski. The rumours…
O’Brien Palmer’s Daniel Frisken. O’Brien Palmer’s Daniel Frisken might be feeling a little uneasy after NSW Supreme Court judge Kate Williams this week refused his application seeking to claw back $740,000 in preferences paid to the ATO by labour hire company Pacific Steelfixing Pty Ltd (Pacific). This is because In the matter of Pacific Steelfixing Pty Ltd [2021] NSWSC 655 the judge described as not…
Departed CPAA director and Brooke Bird partner Robyn Erskine. Brooke Birds’ Adrian Hunter. iNO suspects that there is plenty left unsaid in the recent announcement by CPA Australia (CPAA) that director Robyn Erskine had fallen on her sword and resigned, effective from March 4. In an email to members sent last Friday CPAA said that Erskine, the first female liquidator to be made a Life…
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…
Struck-off liquidator David Iannuzzi. Former Veritas Advisory director Steve Naidenov. The public examination conducted by Brooke Bird’s Robyn Erskine over the last month has been instructive on multiple levels. For a start, it’s put ex-liquidator David Iannuzzi in the witness box for the second time in as many months. That’s an ordeal Iannuzzi might have thought he’d avoided when in November last year Federal Court…