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Assistant Treasurer Stephen Jones has announced a raft of new appointments to the Insolvency Practitioner Registration and Disciplinary Committees and a new chairperson for the Companies Auditors Disciplinary Board.
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Assistant Treasurer announces appointments to IPRDC, CADB
01 March 2024
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9 minute read
The Albanese government has appointed Howard Insall SC as the part‑time Chairperson of the Companies Auditors Disciplinary Board (CADB) for three years and appointed six part-time members to the Insolvency Practitioner Registration and Disciplinary Committees (IPRDC).
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The appointment of Howard Insall follows the retirement of Maria McCrossin who has served on the CADB since August 2013 and was appointed Chairperson in December 2015.
“The Government has extended to Ms McCrossin its appreciation for her dedicated service to the CABD, the profession and the financial reporting system,” said Assistant Treasurer Stephen Jones.
CADB receives and reviews applications made to it by ASIC and the APRA in respect of registered company auditors under the Corporations Act 2001.
“Mr Insall’s appointment recognises his previous experience in the role and his experience in the field of corporations and trust law. He has been involved in a number of the leading cases involving auditors and auditor’s duties, and also some of Australia’s largest commercial disputes,” said Minister Jones.
“Other areas of practice include insolvency law, property law, and superannuation. He is a Senior Counsel at the New South Wales bar and has over 40 years of experience.
“This appointment will continue to ensure the CADB fosters confidence in auditor conduct and the integrity of our financial reporting system.”
The six new part-time members appointed to the Ministerial pool for the IPRDC have each been appointed for three years beginning on 2 March 2-24.
The new appointments include:
- Shabnam Amirbeaggi
- Ingrid King
- Michael Murray
- Maria O’Brien
- Gregory Rodgers
- Shane Stewart
To provide continuity in the Ministerial pool, the Albanese government has also reappointed Natalie Bhardwaj, Sergio Freire and Stephen Parberythe for three years beginning on 2 March 2024.
Minister Jones said insolvency practitioners play an important front‑line role in combating a range of corporate misconduct, including illegal phoenix behaviour.
“These members bring extensive expertise in the field of corporate insolvency and will assist the Committees in maintaining integrity in the insolvency system through its decisions relating to the registration, disciplinary and regulatory oversight of liquidators,” he stated.
“The IPRDC allows the Australian Securities and Investments Commission (ASIC) to complement its own experience with that of members of the industry when considering new applicants for registration.
“The Albanese Government congratulates each appointee and appreciates their commitment to be part of maintaining an effective insolvency system in Australia.”
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