Paul Leroy

Member’s name: Paul Leroy
Date of Hearing: 7 August 2024 
Division: New South Wales
Tribunal: One Person Tribunal

On 7 August 2024, the Disciplinary Tribunal found Mr Paul Leroy breached CPA Australia’s 11 May 2022 Constitution:

• Article 36(a), in that he had “committed, participated in or been involved with an Adverse Event” as defined in Article 76(h) of the Constitution as having become “the subject of a final adverse finding in relation to the Member’s conduct, competence or recognition by any Court, professional body, statutory or other regulatory authority in any jurisdiction” in respect of a decision of the Inspector-General in Bankruptcy cancelling his registration as a trustee.
• Article 36(a), in that he had “committed, participated in or been involved with an Adverse Event” as defined in Article 76(h) of the Constitution as having become “the subject of a final adverse finding in relation to the Member’s conduct, competence or recognition by any Court, professional body, statutory or other regulatory authority in any jurisdiction” as a result of the Australian Restructuring Insolvency & Turnaround Association (ARITA) terminating his membership.
• Article 36(a), in that he had “committed, participated in or been involved with an Adverse Event” as defined in Article 76(c) of the Constitution as having “breached this Constitution (or a constitution of the Company in force from time to time before the Amending Date), By-Laws, Code of Professional Conduct or the Applicable Regulations” in that he breached By-Law 5.2(a)(iii) of the 1 January 2024 By-Laws by failing to provide a satisfactory explanation in writing with respect to the matters referred to in the Complaint.

Mr Paul Leroy did not attend the Disciplinary Tribunal hearing, a denial of the complaints was entered on his behalf.

Penalty and Costs:

The Disciplinary Tribunal found the Complaints sustained and imposed the following penalties:

Complaint 1:

• Forfeiture of membership commencing 8 August 2024, not eligible for readmission for five years.
• The lowering of membership status from FCPA to CPA for a period of five years from the date of readmission.
• The General Manager Professional Conduct to provide a copy of the determination to Chartered Accountants Australia & New Zealand.

Complaint 2:

• A severe reprimand.

Complaint 3:

• A severe reprimand.
• A Fine of $2,000.00.

The Member was ordered to pay CPA Australia’s costs of $7,415.00.