Ann: Appointment of Voluntary Administrators, page-39

That good old Blackhams pedigree shone through right to the end. (failure, and more failure...)

Its called trading insolvent, all the rage nowadays with the continual lowering of moral and ethical standards in society. Tradies galore are in small claims courts all the time because they do this. It is misappropriation of clients/shareholders money and is against the law, but does our beloved gu-b-mint care?  Never has.

@Chrometophobia  ASIC are  a toothless tiger and will do nothing unless you hand them the case on a silver platter. They spend time on Twitter and in mainstream media  making a big song and dance about how they are so concerned for the average punter getting "unlicensed financial advice" from every online Tom Dick and Harry, yet for the last 8 years have done nothing about unethical practices by many big industry players that sees shareholder wealth get destroyed by the millions of dollars every day. (see this enquiry). They are the biggest two faced hypocrites out.