Adrian Howard Abbott FCA of New South Wales 
 
16 February 2006 
 
On his own admission the Professional Conduct Tribunal found a case established that Mr Abbott was liable to disciplinary action in accordance with By-law 40(a), in that in relation to the administration of a company he failed to comply with certain obligations under the Corporations Act and with various professional standards laid down by the Institute, as a consequence of which he agreed to the cancellation of his registration as a liquidator by the Australian Securities & Investments Commission in order to avoid the costs of a hearing by the Companies Auditors and Liquidators Disciplinary Board. 
 
The decision of the Tribunal was that Mr Abbott be required to pay $450 plus GST towards the costs of the disciplinary action, but that no further sanctions be imposed.