David Nicholas Iannuzzi

Member's name: Mr David Nicholas Iannuzzi
Date of Hearing: 9 December 2020
Division: New South Wales
Tribunal: Disciplinary Tribunal

On 9 December 2020, the Disciplinary Tribunal found the Member breached Article 39(a)(ii)(F) of the Constitution, in that he had “been the subject of an adverse finding that has not been overturned on appeal in relation to the Member's conduct, competence or recognition by any Court, professional body, statutory or other regulatory authority in any jurisdiction” by virtue of the judgement of the Federal Court of Australia dated 7 November 2019 in Commissioner of Taxation v Iannuzzi (No 2) [2019] FCA 1818, where findings were made that he failed to carry out or perform adequately and properly the duties of a liquidator and orders were made, including that:

• his name be removed from the register of liquidators maintained under the Corporations Act 2001; and
• he be restrained for a period of 10 years from applying to be a registered liquidator under the Corporations Act 2001.

Mr Iannuzzi attended the Disciplinary Tribunal Hearing and admitted the Complaint.

Penalty and costs

The Disciplinary Tribunal found the Complaint sustained and imposed the following penalty:

• forfeiture of Membership, for ten years from 7 November 2019.

The Member was ordered to pay CPA Australia's costs of $2635.48.