Social/Professional

Seize the pay! Liquidators exonerated as ASIC fails

Olvera Advisors’ Kate Barnet. Liquidator Bill Fletcher. Liquidators Kate Barnett and Bill Fletcher have been exonerated by a committee convened in July this year to consider contraventions ASIC alleged were perpetrated in the early days of the Octaviar liquidation. The allegations were brought to Barnett and Fletcher’s attention in show cause notices under section 40-40 of the Corporations Act issued by ASIC in 2019. After…

Read More

Could $850,000 lighten ASIC metrics burden?

ASIC’s top liquidator cop Thea Eszenyi. There’s nothing like internal ructions inside a big organisation – think chairpersons paid way too much to move from Hong Kong – to loosen a few lips so when ASIC’s chief liquidator cop Thea Eszenyi referred to $850,000 in costs the regulator had recovered from chastened liquidators who she declined to name it wasn’t hard for iNO to establish…