Discipline

Liquidator pleads guilty to fraud charges

David John Leigh, former partner of PPB Advisory Queensland has, as foreshadowed by INO last month, pleaded guilty to three charges of fraud in the Brisbane Magistrate’s Court. In a statement yesterday, the Australian Securities and Investments Commission (ASIC) confirmed that Leigh, 56 of Sherwood in Queensland, had entered a plea of guilty and would be committed for sentencing on a date to be fixed….

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Comment: Industry funding could decimate profession

INO was having coffee with an insolvency practitioner (IP) the other day when the conversation turned to the Industry Funding Model (IFM). Pulling a document from his briefcase the IP showed how the Australian Securities and Investments Commission (ASIC) had arrived at a sum of almost $20,000 it intends to claim from his modest single liquidator firm when it begins issuing invoices in January, 2019. Confirming that…