Referrers

Worrells enters Unique Urban Built affray

Worrells’ Nick Cooper Hall Chadwick’s Brent Kijurina Just when you think you have the inside running, a rival emerges to make it a contest and that is what’s occurred in relation to troubled South Australian builder Unique Urban Built. As previously reported, incumbent liquidator Paul Jorgensen of PKF South Australia got himself into a spot of bother in relation to the timing of meetings and…


Forgery allegations almost invalidate appointment

BPS Recovery’s Mitchell Ball. BPS Recovery’s Mitchell Ball has dodged a bullet after forgery allegations raised doubts about the validity of his appointment in August 2013 as liquidator of Bluemine Pty Ltd. In the NSW Supreme Court yesterday INO listened with mounting interest as the court heard that a former director of Bluemine – one Gino Cassiniti – wanted to withdraw previous admissions he’d made…


Jirsch pair fighting to keep Freshwater plum

Jirsch Sutherland managing partner Bradd Morelli. Image: Linked In. Bradd Morelli and Trent Devine may be facing a fight to maintain control of the potentially lucrative liquidation of FW Projects Pty Ltd after a creditor commenced action in the NSW Supreme court that could lead to the Jirsch Sutherland partners being either replaced or sidelined by an SPL (Special Purpose Liquidator). The court heard yesterday…


ATO backs another Iannuzzi-related action

Brooke Bird’s Robyn Erskine. Veritas Advisory principal David Iannuzzi. It’s well documented that Sydney liquidator David Iannuzzi is defending an action brought by the Commissioner of Taxation (CoT) that aims to end his career. Now a new front in that war has been potentially opened following belated approval of a funding agreement between the CoT and Melbourne-based liquidator Robyn Erskine. In the Federal Court yesterday…


Referrer role confers no immunity

Cor Cordis partner Mark Hutchins. It can’t be too often that an insolvency practitioner is responsible for the laying of criminal charges against his or her own referrer, but the resume of Cor Cordis partner Mark Hutchins now boasts this curious distinction. This follows the news that a company director and two pre-insolvency advisors appeared in the Brisbane Magistrates Court last week on charges including…


AFSA judging trustees’ referrers for worthiness

Has any insolvency practitioner ever said: there’s never been a better time to be a gatekeeper of the financial system? If so, they are probably long since retired. In this day and age, regulators are at risk of turning the gatekeepers into turnkeys, if not inmates. For the source of our cynicism, we refer to the contents of a letter, dredged from the toxic silts…


5 Liquidators invoked during phoenix inquiry

Attributing guilt by association is an avoidable injustice (unless justified) which is why INO declares at first instance that not one of the five liquidators named this week in the Federal Court are alleged to have done anything wrong. The five – Richard Rohrt, Glenn Crisp, Malcolm Howell, Travis Pullen and Andrew Poulter – were identified during the course of the public examination of Melbourne man Phil…


Referral a gift from BDO’s Kiwi cousins

With McGrathNicol this week affirming its hold on the RCR Tomlinson administration without a whimper of inquiry about $420,000 in pre-appointment fees, it starting to sound like ‘All I want for Christmas is a pre-appointment gig that morphs into a V-bloody-A!’ Such at least was INO’s first and admittedly cynical thought on unwrapping the contents of Andrew Sallway and Duncan Clubb’s Declaration of Independence, Relevant Relationships  and…


Familiar faces in Fearndale fight

A spat over control of Fearndale Holdings‘ shale quarry has flushed out a real crowd from the world of insolvency and the sometimes connected world of individuals who’ve captured the attention of the ATO. Back in May 2018 Balance Insolvency’s Tim Cook was appointed voluntary administrator of Fearndale Holdings which has some claim to the quarry at Luddenham in Sydney’s west. This week the Supreme Court heard…


Employing referrer sees SV Pair to reissue DIRRI

A stoush with the Commissioner of Police, employing one’s referrer, having to include the terms of that employment in a supplementary DIRRI – United Security Enterprises Pty Ltd has plenty for administrators Shumit Banerjee and Jason Porter to sink their teeth into. The SV Partners pair were appointed VAs back on August 31 after being contacted by the company’s accountant Jai Menon. If that surname looks familiar…