On 28 February 2023, a liquidator disciplinary committee (the Committee) decided that Cameron Lindsay Duncan鈥檚 registration as a liquidator should be cancelled.
ob体育鈥檚 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. ob体育 has given effect to that decision.
The Committee determined that its report on Mr Duncan鈥檚 matter should not be published by ob体育. ob体育 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), ob体育 may convene a committee to decide whether to take disciplinary action against a registered liquidator.
Committees are comprised of an ob体育 staff member, a registered liquidator (nominated by ARITA), and a person nominated by the Minister. ob体育 must give effect to decisions made by liquidator committees.
ob体育 must also include particulars of disciplinary action taken against a registered liquidator on the Register of Liquidators. Those particulars include the basis on which ob体育 refers matters to a committee.