Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Mid-tier appointed liquidator in messy property case

ASIC has applied for two partners from a mid-tier accounting firm to be appointed provisional liquidator to Diploma Group Limited and its subsidiaries.

Appointments Lara Bullock 08 May 2017
— 1 minute read

Diploma is a Perth-based ASX-listed commercial construction and property development company with a total of 19 subsidiaries.


Last week, ASIC applied to the Federal Court of Australia for the appointment of a provisional liquidator to Diploma Group to protect the interests of shareholders, investors and creditors.

According to ASIC, the Diploma Group needs to be wound up on just and equitable grounds and/or on the grounds of insolvency.

ASIC seeks the appointment of Grant Thornton partners David Hodgson and Andrew Hewitt as provisional liquidators of the Diploma Group, who have both consented to being appointed.

ASIC also seeks orders requiring the provisional liquidator to provide a detailed report to the court that sets out the financial position of the Diploma Group and other things.

The matter has been listed for hearing in the Federal Court of Australia, in Perth, on 11 May 2017.

Mid-tier appointed liquidator in messy property case
image intro
accountantsdaily logo

The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day