The costs of insolvency practitioner regulation
ASIC has released its analysis of the costs of regulation of liquidators; AFSA has issued comparable analyses of the costs of regulation of trustees. ASIC’s cost of regulating liquidators was $7.481m in 2023-2024. There is no evident way of making regulatory cost efficiency assessments because each of ASIC and AFSA is separately regulated by different […]
Former liquidator sentenced to 4 years jail, 2 years non-parole
Former liquidator, Mr Peter Amos, has been sentenced to 4 years imprisonment, 2 years non-parole, for misappropriation of around $2.5m in breach of the Corporations Act, extending from 2016 to December 2022. Further details soon. Further details will also be provided on any report from ASIC, and ARITA, CAANZ and the other industry bodies on […]
