Peter Goodin.
ASIC has referred Victorian liquidator Peter Goodin to a Schedule 2 disciplinary committee after the Magnetic Insolvency principal failed to satisfy a show cause notice issued by the regulator earlier this year.
According to ASIC it referred Goodin on June 26, 2026. While further details were withheld we know from the February 2023 judgment of Victorian Supreme Court associate justice Simon Gardiner and previous reporting by iNO that Goodin has form.
In the Matter of Good Home & Property Pty Ltd [2023] VSC 57 Goodin was excoriated for placing himself in a position of clear conflict and disregarding his obligations to communicate with the company’s creditor, who coincidentally wanted Goodin to call a meeting so she could replace him.
In Good Home & Property the judge went so far as to declare Goodin’s conduct failed to “meet the requisite standard of a registered liquidator”, and ordered him to pay the plaintiff creditor’s costs on an indemnity basis, a sum in excess of $20,000.
While there’s no public information to confirm the events in Good Home & Property form the basis of ASIC’s Show Cause notice the damaging commentary contained in the February 2023 judgment certainly attracted the attention of at least one other organisation imbued with a disciplinary function.
On December 10, 2024 CPA Australia (CPAA) declared member Goodin admonished and ordered him to pay $15,844.43c in costs after a disciplinary tribunal found he had “committed, participated in or been involved with an Adverse Event” as defined in Article 76(h), in that he became “the subject of a final adverse finding in relation to the Member’s conduct, competence or recognition by any Court, professional body, statutory or other regulatory authority in any jurisdiction” in respect of a judgement of Associate Justice Gardiner dated 16 February 2023 in the Supreme Court of Victoria”.
CPAA reported that Goodin had attended the hearing and denied the complaint. We’ll have to wait to learn if he’s similarly defiant when ASIC’s complaint to the Schedule 2 Committee is heard, if it hasn’t been heard and determined already.
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