AFSA

Trustshees to enjoy 20% of pie as AFSA tackles bias

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…


trustee

Bankruptcy trustee axed by AFSA

Louise Thomson – Bankruptcy trustee’s registration cancelled. The registration of NSW-based bankruptcy trustee Louise Thomson has been cancelled on the recommendation of a committee convened to investigate allegations of conflict of interest. In a statement issued yesterday AFSA said that in 2019 its staff had “investigated instances of misconduct that called into question Thomson’s independence, judgement and general suitability to remain registered as a trustee.”…


Pitchers duo dodge inspector general bullet

Pitcher Partners’ Andrew Yeo. Pitcher Partners’ Gess Rambaldi. Water rights, unending ATO audits and internet scams – Pitchers Partners duo Andrew Yeo and Gess Rambaldi have had quite a time of it in respect of the bankruptcy of Victorian dairy farmer Peter Alan Sandles, and that’s without being heavied by the Inspector General in Bankruptcy. The intriguing tale comes to us via Federal Circuit Court…


Trustee referred to Schedule 2 Committee – again

Louise Thomson: first trustee to be referred to disciplinary committee twice. Image Veritas Advisory. With apologies to Oscar Wilde, iNO was recently moved to observe that while being referred to a disciplinary committee once might be considered a misfortune, twice looks like carelessness.  Certainly it will be unfortunate if it transpires that misfortune is behind AFSA’s most recent referral of Louise Thomson to a committee…


Dixon ousted from Lonestar after AFSA intervention

Hamilton Murphy’s Stephen Dixon. The old independence bugbear never lets up it seems with AFSA recently gnawing on an apparently conflicted limb attached to registered trustee Stephen Dixon. iNO understands it was the view of the personal insolvency regulator that the Hamilton Murphy partner should not have taken an appointment as trustee of the bankrupt estate of Graeme Charles Diamond, 63 of Guanaba in Queensland,…


Trustee resigned before committee hearing

Peter Dinoris: resigned before disciplinary hearing Queensland practitioner Peter Dinoris, who had been due to face a disciplinary committee, has resigned as a trustee in bankruptcy on health grounds according to a statement by the Australian Financial Security Authority (AFSA) this week. “On Monday 17 June 2019, having received evidence concerning the health of Mr Peter Dinoris, the Inspector-General accepted Mr Dinoris’ voluntary resignation as…


IP’s days look numbered

Artemis Insolvency’s Peter Dinoris. Queensland liquidator and trustee in bankruptcy Peter Dinoris could be preparing to exit the formal end of the insolvency game after the IP transferred dozens of files to a rival. The Supreme Court of Queensland this week made orders transferring 44 of Dinoris’s court liquidations (CLs) and creditors voluntary liquidations (CVLs) to Jonathan McLeod and Bill Karageozis of McLeod Partners. INO…


Bankruptcy trustee’s axing imminent

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…


Is Queensland trustee’s ticket on the line?

Peter Dinoris: Word is that AFSa would like a chat. INO’s spent part of this week trying to corroborate multiple reports coming across our desk advising that Artemis Insolvency principal Peter Dinoris may be facing some form of conduct action in relation to his trustee’s ticket. INO makes no suggestion of wrongdoing and at time of writing the subject of those reports had not responded…


ASIC follows AFSA’s lead in deputising profession

Deregistered Trustee David John Leigh. Don’t you love this initiative by the regulators to make registered practitioners responsible if a disgraced ex-trustee or liquidator weedles their way back into the game? The thought occurred to INO following Wednesday’s announcement by ASIC in regards to David John Leigh, the former PPB Advisory partner who misappropriated $800,000 from a liquidation account between July and November in 2017. The committee…