Federal Parliamentary Secretary to the Treasurer, Bernie Ripoll, has announced the appointment of Belinda Gibson and Ian Purchas as Members of the Financial Reporting Council (FRC).

 

Ms Gibson’s appointment will last until May next year, while Mr Purchas will be appointed for a three year term.

 

Ms Gibson was nominated by ASIC, of which she is the Deputy Chairman. Her responsibilities at ASIC include the supervision of corporations (and consequently their financial reporting practices), as well as the financial reporting and audit and insolvency practitioner teams within ASIC.

 

Mr Purchas was nominated by the Institute of Public Accountants. He is a Principal at RMG Partners Business Solutions, a Sydney-based insolvency and accounting practice, and is a Registered Liquidator and an Official Liquidator of the Supreme Court of NSW and Federal Court of Australia. He has practised in the insolvency profession for in excess of 26 years, including over 10 years' experience in a Principal/Senior Manager position in a specialist insolvency practice and 10 years' experience in a senior role at Coopers and Lybrand.

 

Mr Ripoll welcomed Ms Gibson and Mr Purchas to the FRC. "On behalf of the Government, I am very pleased to appoint them as Members. I am sure they will bring significant financial experience to the Council".