The Federal Court has found Melissa Caddick and her company, Maliver Pty Limited (Maliver), carried on a financial services business without holding an Australian Financial Services licence, contrary to section 911A of the Corporations Act.
The Court also made orders that:
- Bruce Gleeson and Daniel Soire of Jones Partners be appointed as receivers of the property of Ms Caddick; and
- Maliver be wound up, and Bruce Gleeson and Daniel Soire of Jones Partners be appointed as the liquidators.
The collection and distribution of assets will be handled by the receivers and liquidators, subject to the Court’s oversight.
The Court found Ms Caddick operated without an AFS licence from about October 2012 until about November 2020. Ms Caddick’s company, Maliver, operated without an AFS licence from about June 2013 and until November 2020.
The Court decision followed a three-day hearing on 29 June 2021.
Background
The Federal Court made interim orders on 10 November 2020 against Maliver and its sole director, Ms Caddick (20-301MR).
On 15 December 2020, the Federal Court ordered the appointment of receivers to the property of Ms Caddick and provisional liquidators to Maliver (20-330MR).
On 30 March 2021criminal charges against Ms Caddick were withdrawn in order to enable civil proceedings in the Federal Court to continue.
