The Australian Securities and Investments Commission has published a liquidator disciplinary committee’s decision to publicly reprimand registered liquidator Simon John Thorn for failing to adequately perform his duties as administrator of Premier Energy Resources Pty Ltd. Thorn will remain registered as a liquidator. The committee found that Thorn failed to make reasonable enquiries after a director disputed signing a resignation document essential to his appointment. He also failed to promptly seek a court ruling when doubts about the appointment remained. The committee said liquidators should not exercise their powers where enquiries fail to resolve a dispute over the validity of their appointment and should instead promptly apply to the court. In determining the sanction, the committee considered that Thorn had not previously faced disciplinary action, was not alleged to have acted dishonestly and accepted that he should seek immediate court directions in similar circumstances.
Australian Securities & Investments Commission2026-08-11
Australian Securities and Investments Commission publicly reprimands liquidator over failure to verify appointment
The Australian Securities and Investments Commission has published a public reprimand of registered liquidator Simon John Thorn for failing to verify the validity of his appointment as an administrator and promptly seek a court ruling. Thorn will remain registered, with the committee noting his clean disciplinary record and the absence of alleged dishonesty.