On 13 December 2019, a liquidator disciplinary Committee decided that the registration of registered liquidator Trajan John Kukulovski of Chan & Naylor RRI Pty Limited should be cancelled, and that ob体育 should publish the Committee鈥檚 report of its decision.
Mr Kukulovski applied to the Administrative Appeals Tribunal (AAT) for review of the Committee鈥檚 13 December 2019 decisions and in the interim, for a stay on implementation of the decisions and for confidentiality orders.
On 6 January 2020, the AAT refused to stay the Committee鈥檚 cancellation decision and Mr Kukulovski鈥檚 request for confidentiality orders. However, the AAT decided to stay the Committee鈥檚 decision that ob体育 publish the disciplinary Committee鈥檚 report.
The cancellation of Mr Kukulovski鈥檚 registration took effect on 15 January 2020.聽 Mr Kukulovski is not permitted to practise as a registered liquidator while the AAT review of the Committee鈥檚 decisions proceeds.
The Committee鈥檚 decisions follow ob体育鈥檚 referral to the Committee about Mr Kukulovski鈥檚 conduct in a number of external administrations.
The Committee found that Mr Kukulovski was not a fit and proper person to continue to be a registered liquidator.
ob体育 Commissioner John Price said, 鈥淐reditors rely on registered liquidators, who hold 鈥榦ther people鈥檚 money鈥� in the course of administering companies and have a right to expect registered liquidators to act with competence and diligence.鈥澛犅�
鈥渙b体育 will ensure that those who fail to meet these expectations are held to account.鈥澛�
The AAT鈥檚 decision is available to read .
Background
On 16 January 2019 ob体育 gave Mr Kukulovski a show cause noticeasking for a written explanation why his liquidator registration should continue.
ob体育 was not satisfied with Mr Kukulovski鈥檚 response to the notice and convened the Committee on 27 May 2019.
Committees comprise an ob体育 delegate, a registered liquidator nominated by the Australian Restructuring Insolvency & Turnaround Association (ARITA), and a Minister鈥檚 delegate. The Committee acts independently of each of these entities.