In March 2018, a disciplinary committee interviewed Ms Louise Thomson to consider whether she should remain registered as a trustee. The basis for the interview were the four grounds outlined in a show cause notice issued by the Inspector-General in Bankruptcy to Ms Thomson on 10 November 2017.
In its report to the Inspector-General in Bankruptcy dated 5 April 2018, the committee decided that Ms Thomson should continue to be registered without condition or restriction.
The committee also recommended that the Inspector-General in Bankruptcy strongly consider conducting an annual review of up to five (5) of the trustee’s files during each of the next two years—and that the trustee also be asked to demonstrate that she has met the continuing professional development requirements at each annual review.
Further the committee also recommended that the Inspector-General in Bankruptcy publish the committee’s reasons for its decision and its report.
Consistent with section 40-65 of Schedule 2 of the Bankruptcy Act 1966, the Inspector-General in Bankruptcy has given effect to the committee’s decision.
In noting the committee’s decision the Inspector-General in Bankruptcy, Mr Hamish McCormick said, ‘Trustees must maintain high professional standards. In circumstances such as this, AFSA will not hesitate to investigate and if necessary refer matters to a disciplinary committee to enable appropriate sanctions to be considered. Public confidence in, and the integrity of, Australia’s personal insolvency system is of paramount importance.’
Further details, including the committee’s reasons for its decision and the committee’s report may be accessed at this link.