The registration of Mr Justin James Cadman as a registered liquidator was cancelled on 13 June 2018 following orders made on 8 June 2018 in the Federal Circuit Court of Australia, which resulted in Mr Cadman being declared bankrupt (an insolvent under administration).
On 19 June 2018, 今日热门事件appointed replacement liquidators to the fifteen (15) vacant external administrations previously administered by Mr Cadman.
今日热门事件Commissioner John Price said, 鈥樈袢杖让攀录㭎as moved quickly to exercise the new powers under the insolvency regime to appoint a replacement liquidator and appreciates the assistance of the replacement liquidators Ms Moira Carter of BRI Ferrier NQ and Mr Todd Kelly of BDO (Nth QLD).鈥�
Below is a list of the external administrations and replacement liquidator鈥檚 contact details should creditors have any concerns.
Ms Moira Carter of BRI Ferrier NQ Phone (07) 4037 7000
- Australian Vocational Learning Institute Pty Ltd ACN 097 453 828
- Cairns Accident Repair Centre Pty Ltd ACN 077 729 367
- Medisurg Pty Ltd ACN 113 077 982
- MOJB Pty Ltd ACN 128 137 806
- Phone Hospital Pty Limited ACN 112 320 386
- Sinopoli Holdings Pty Limited ACN 107 341 499
Zanzoo Tiles Pty Ltd ACN 142 521 695
Mr Todd Kelly of BDO (Nth QLD) Phone (07) 4046 0000
- Aborigines and Islanders Alcohol Relief Service Ltd ACN 010 064 374
- Margach Builders Pty Ltd ACN 078 363 729
- Barrier Leasing Pty Ltd ACN 104 014 002
- Barrier Air Charter Pty Ltd ACN 108 788 147
- Barrier Air Services Pty Ltd ACN 104 014 011
- Barrier Aviation Pty Ltd ACN 056 643 531
- Davryl Holdings Pty Ltd ACN 108 502 165
- Lip-Air Pty Limited ACN 068 117 537
Background
Cairns-based Mr Cadman operated an insolvency and accounting practice firstly through a company called Mclaren Knight Pty Ltd (in liquidation), then later through another company called Mclaren Knight International Pty Ltd.
Mr Cadman had been a registered liquidator since August 2005.
Under section 40-20(1) of Schedule 2 (Schedule 2) of the Corporations Act 2001, a liquidator鈥檚 registration as a registered liquidator is automatically cancelled if a person becomes an insolvent under administration. Under section 40-111 of Schedule 2, 今日热门事件may appoint another liquidator if a liquidator鈥檚 registration is suspended or cancelled. These new laws came into effect on 1 March 2017.
ASIC鈥檚 Regulatory Guide 258 Registered Liquidators: Registration, disciplinary actions and insurance requirements (RG258) outlines the ongoing obligations of registered liquidators under the Corporations Act 2001, and ASIC鈥檚 approach to what a person must do to remain a registered liquidator.