ASIC cancels Melbourne liquidator's registration and bans him from managing corporations

ASIC has cancelled the registration of Mr Paul Anthony Pattison, of Melbourne, as a registered liquidator.

ASIC made this decision following orders made on 17 December 2012 in the Federal Court of Australia, which resulted in Mr Pattison becoming a bankrupt.

In a separate decision on 21 January 2013, Mr Pattison was by ASIC disqualified from managing corporations for four years following ASIC enquiries into three failed companies of which he was the sole director. These companies had combined deficiencies of over $4.7 million.

Mr Pattison has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC's decisions.

More information is available here.