Termination of ARITA Membership - Mr Ross McDermott

On 30 January 2017 ARITA’s Professional Conduct Committee determined that the ARITA membership of Mr Ross McDermott be terminated on the basis that the statement of agreed facts in the decision of Australian Securities and Investments Commission v McDermott, in the matter of Conalpin Pty Ltd (in liq) [2016] FCA 1186 reflects multiple failures by Mr McDermott to comply with his statutory duties as a registered liquidator and the requirements of the ARITA Code of Professional Practice.