Bankruptcy

AFSA acts after court suspends liquidator

Macks Advisory’s Peter Macks. AFSA deputy ceo Gavin McCosker Adelaide resident and insolvency practitioner Peter Macks would no doubt have anticipated this week’s announcement by the Australian Financial Security Authority (AFSA) advising that it had sent him to the naughty corner. It was less than a fortnight ago that a judge of the Supreme Court of South Australia suspended Macks’ registration as a liquidator for…

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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…