Trustees

Trustee’s rude shock over ANZ proceedings

Deloitte’s David Mansfield. There’s never a good time to be the bearer of bad tidings and yesterday it was David Mansfield learning from iNO of what seemed ill news. We contacted the Deloitte partner and registered trustee in bankruptcy after obtaining a copy of an application the ANZ Bank filed in the Federal Circuit Court way back in March of this year. The application seeks…

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ASIC follows AFSA’s lead in deputising profession

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…