Federal Court dismisses ASIC’s case against liquidator

Jason Bettles of Worrells has won a four-year legal battle against ASIC, with the Federal Court dismissing proceedings brought against him over allegations that he was, in his capacity as liquidator, involved in the development and implementation of a complex strategy to transfer assets and divert income streams from various members of the Members Alliance Group to the detriment of creditors. Mr Bettles welcomed the judgment, noting his appreciation for the unwavering support of his wife and children, Worrells Queensland, and his referral community, who supported him at every stage of the proceedings. More from Accountants Daily.