Quentin Olde has resigned from FTI Consulting. The only thing INO feels sure of in relation to this story is that Quentin Olde is not contemplating retirement to his beloved southern highlands garlic beds any time soon. Acting on a tip off that Olde was leaving FTI Consulting INO contacted the senior managing director late yesterday. Yes, he had resigned, Olde confirmed. He had resigned…
Liquidator Peter Lucas From up north comes word that the Queensland Supreme Court is set to hear a proposal for a modified version of the National Redress Scheme, formulated by a liquidator and his legal advisors. The application, which will be heard tomorrow, was brought by Peter Lucas of P.A. Lucas & Co, who was appointed liquidator of Quest Care Incorporated, a registered association, back…
Slaven Torline’s Michael Slaven. Slaven Torline’s Aaron Torline. With the departure of Michael Slaven and Aaron Torline to kick start their new firm Slaven Torline one must ask who is going to advance EY’s SME insolvency agenda in Canberra. In the short term Slaven’s former partner Henry Kazar can ably represent EY in the national capital, but for how long? Kazar isn’t too far off…
SAI Capital Investments Sally Illingworth. She may well be the “Northern Territory’s 59th Most Powerful Individual” and formerly Darwin’s most prominent pizza franchisee, but Brains over Breasts founder Sally Anne Illingworth is discovering that social media infamy and the gift of the gab are no substitute for cash when the tax personage calls. This week the Federal Court ordered Illingworth’s $1 company – SAI Global…
Daniel Moore – BCR Advisory (Qld). BCR Advisory’s John Morgan. BCR Advisory has sought to capitalise on potential opportunities in Queensland by bringing Sunshine State practitioner Daniel Moore into the fold. Under the new arrangement Moore’s DPM Recovery becomes BCR Advisory (Qld). The deal was formally announced last Thursday evening at the Tattersalls Club in Brisbane’s Queen Street. Those in attendance included Moore and BCR…
JUSTKapital founder Phil Kapp. Former Corrs high flyer and JUSTKapital co-founder Philip Kapp declared bankruptcy earlier this month after a lengthy battle with cancer left him financially vulnerable to attack by the Australian Tax Office (ATO). In recent days Kapp has been informing friends and business associates of the reasons for his declaration of bankruptcy on March 4, 2019. Assuring them that his work is…
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…
Onterran director Lachlan McIntosh. Clout & Associates’ Trish Talty. You’d hope it’s not too often that old colleagues in the insolvency game are reunited by an event of insolvency but that is what has happened in the case of listed property developer Onterran. On March 11, 2019 Onterran announced that its directors had placed the company into the hands of voluntary administrators, namely Trish Talty…
Steve Parbery. Image courtesy Ferrier Hodgson. Glenn Livingstone. Image courtesy Ferrier Hodgson. INO is not much given to gloating so in regards to yesterday’s announcement that KPMG was swallowing Ferrier Hodgson all we’ll say is: “We told you so”. Back on February 8, 2019 in fact. In Ferrier Hodgson Merger With KPMG Imminent. Now the acquisition term’s are confirmed – though we understand Adelaide’s holding…
Deregistered Trustee David John Leigh. Don’t you love this initiative by the regulators to make registered practitioners responsible if a disgraced ex-trustee or liquidator weedles their way back into the game? The thought occurred to INO following Wednesday’s announcement by ASIC in regards to David John Leigh, the former PPB Advisory partner who misappropriated $800,000 from a liquidation account between July and November in 2017. The committee…