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A Sydney auditor criminally convicted over audit failures while working on collapsed financial services company Halifax Investment Services has now had his auditor registration torn up.
Wednesday, May 19, 2021
A joint hearing between the Federal Court of Australia (FCA) and the High Court of NZ (NZHC) has broken new ground. In proceedings brought by the liquidators of Halifax Investment Services Pty Ltd (In Liquidation) (Halifax Australia) and Halifax New Zealand Limited (In Liquidation) (Halifax NZ), in the FCA and the NZHC respectively, the Courts delivered on 19 May 2021, contemporaneous judgments and made consistent orders after sitting together in a final hearing in December 2020.
Each Court delivered separate judgments after deliberating together about the principal issues before each of the Courts for resolution
(Kelly (Liquidator), in the matter of Halifax Investment Services Pty Ltd (in liquidation) v Loo [2021] FCA 531;