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. 魅影直播 has given effect to that decision.
The Committee determined that its report on Mr Duncan鈥檚 matter should not be published by 魅影直播. 魅影直播 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), 魅影直播 may convene a committee to decide whether to take disciplinary action against a registered liquidator.
Committees are comprised of an 魅影直播 staff member, a registered liquidator (nominated by ARITA), and a person nominated by the Minister. 魅影直播 must give effect to decisions made by liquidator committees.
ASIC must also include particulars of disciplinary action taken against a registered liquidator on the Register of Liquidators. Those particulars include the basis on which 魅影直播 refers matters to a committee.