ASIC

Overdue levies halve as ASIC deadline approaches

The dollars have clearly been pouring into ASIC’s industry funding account in recent days. How else to explain the halving in the sum of liquidator levies in arrears between last week and yesterday? On Friday the regulator alerted the profession that while invoices issued to “the registered liquidators sub-sector totalled approximately $6.8 million”, it had as at March 18, 2019 collected approximately $6.4m. Even a…

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Judge punts Worrells partner in favour of Ferriers

There’s an intriguing little backstory to last week’s headline event that saw a judge deny Worrells partner Graeme Beattie the role of liquidator  of Bux Global Pty Ltd. Beattie accepted the appointment on October 4 following a referral in September from Jirsch Sutherland partner Daniel Civil. What he didn’t know was that on the same day in the Federal Court in Perth, orders were made appointing Ferrier Hodgson’s…