Veteran trustee and liquidator Daniel Moore has been referred to a disciplinary committee in respect of allegations he breached his statutory and fiduciary duties.
The Queensland-based insolvency practitioner was referred to a disciplinary committee by the Inspector-General in Bankruptcy under part 2, schedule 2 on March 10.
Moore did not respond to requests for comment but a source with knowledge of the matter said the issues involved weren’t easily understood.
“It’s not straightforward, it’s quite a complex matter,” the source, who wished to remain anonymous, said.
The referral came after Moore was issued a show cause notice under s 40-40 of the Schedule on December 3, 2020.
In a statement AFSA said: “The disciplinary committee will convene to consider the material before it and make a decision.
“These decisions may include whether Mr Moore’s registration should continue, continue with conditions, or if his registration should be cancelled.”
Brisbane-based Moore, who’s both a registered trustee in bankruptcy and a registered liquidator, has been in the insolvency game for 30 years and sources say he’s known for having very sound technical competencies.
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One can only hope that the reasons for any determination by the Committee to whom the Inspector General in Bankruptcy has referred the issues will publish reasons so that there is a level of transparency and disclosure in the interests of all stakeholders