Mr Keith Avenel Smith of Officer, Victoria, has been sentenced in the Ringwood Magistrates’ Court after pleading guilty to charges brought by ASIC and the Insolvency Trustee Service Australia (ITSA). Continue reading
Monthly Archives: June 2010
Liquidator (Stuart Ariff) banned for life
On 18 August 2009, Mr Stuart Ariff, an official liquidator from Newcastle, New South Wales, was found to be unfit to be an official or registered liquidator and prohibited from holding the office of liquidator, provisional liquidator, voluntary administrator, administrator of a deed of company arrangement or controller, for life. Continue reading
Sydney liquidator’s registration suspended
Following an application by ASIC, the Administrative Appeals Tribunal (AAT) suspended Mr Geoffrey McDonald’s registration as a liquidator for two years after finding he failed to carry out or perform adequately and properly his duties as a liquidator under s1292 of the Act. Continue reading
ASIC to propose guidance on Insolvent Trading for directors
The proposed guidance sets out the key principles that ASIC considers directors need to take into account in performing their duty to prevent insolvent trading. Continue reading
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