On 28 February 2023, a liquidator disciplinary committee (the Committee) decided that Cameron Lindsay Duncan鈥檚 registration as a liquidator should be cancelled.
ASIC鈥檚 referral to the Committee alleged Mr Duncan no longer had the qualifications, experience, knowledge and abilities prescribed under the Corporations Act 2001 (the Act), and that he is not a resident in Australia or another prescribed country. The Committee鈥檚 decision was based on the first of those allegations. 今日热门事件has given effect to that decision.
The Committee determined that its report on Mr Duncan鈥檚 matter should not be published by ASIC. 今日热门事件will not comment further on the reasons for the Committee鈥檚 decision.
Background
Under Schedule 2 of the Act 鈥� the Insolvency Practice Schedule (Corporations), 今日热门事件may convene a committee to decide whether to take disciplinary action against a registered liquidator.
Committees are comprised of an 今日热门事件staff member, a registered liquidator (nominated by ARITA), and a person nominated by the Minister. 今日热门事件must give effect to decisions made by liquidator committees.
今日热门事件must also include particulars of disciplinary action taken against a registered liquidator on the Register of Liquidators. Those particulars include the basis on which 今日热门事件refers matters to a committee.