Michael Kambouridis

Member’s name: Michael Kambouridis
Date of Hearing: 28 May 2026
Division: New South Wales
Tribunal: Disciplinary

On 28 May 2026 the Disciplinary Tribunal found Mr Michael Kambouridis breached Article 36(a) of CPA Australia’s 11 May 2022 Constitution (“the Constitution”), in that he had “committed, participated in or been involved with an Adverse Event” as defined in:

Complaint 1

Article 76(l) of the Constitution in that he was “Closely Associated with a Practice Entity: (i) which has become Insolvent: (A) at the time when it became Insolvent; or (B) at any time during the two years prior to it becoming Insolvent”

Particulars

Mr Kambouridis was Closely Associated with Tax Leopard Pty Ltd, a Practice Entity, at the time it became insolvent and/or at any time during the two years prior to it becoming insolvent. His “Close Association” was primarily established through his role as director and secretary of Tax Leopard Pty Ltd at the relevant time. He was involved in the day-to-day management, strategic planning, and governance of the company. He was responsible for engaging professional advisers, overseeing compliance, and making key decisions regarding restructuring and liquidation. He signed official documents on behalf of the company and was the authorised contact for various professional engagements. He failed to notify CPA Australia of the company’s liquidation or his association with an insolvent practice entity. Total unsecured creditor claims of $5,225,582.40 and secured creditor claims of $3,312,322.79, with no indication that these amounts have been paid or satisfied.

Complaint 2

Article 76(c) of the 11 May 2022 Constitution in that you “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 you breached By-Law 9.1(b)(i) of the 1 October 2025 By-Laws (By-Laws) by failing to hold a current Public Practice Certificate from the date of company registration with ASIC up to the date of liquidation, with By-Law 9.1(b) providing: Subject to By-Law 9.1(c), a Member who is Affiliated with any Public Practice Entity must: (i) hold a Current Public Practice Certificate.

Particulars

Mr Kambouridis failed to hold a current Public Practice Certificate from the date of registration of Tax Leopard Pty Ltd with ASIC (8 February 2022) up to the date of its liquidation by way of Creditor’s Voluntary Winding Up on 5 December 2025, during which time he was affiliated with a Public Practice Entity and failed to provide evidence of gross fees received for such services, despite requests from CPA Australia.

Decision

Mr Kambouridis attended the Disciplinary Tribunal Hearing and admitted both Complaints. The Disciplinary Tribunal considered the evidence before it and found both Complaints sustained.

Penalty and Conditions

The Disciplinary Tribunal acknowledged that Mr Kambouridis engaged in the disciplinary process, attended the hearing and provided open and forthright responses during the hearing. The Tribunal noted that there is no evidence of dishonesty on the part of the Member and that he has suffered personal financial loss and his health has been impacted.

In respect of Complaint 2, CPA Australia By-Laws are structured to ensure that the director of a company holds individual accountability for the corporate entity's professional conduct. Holding a corporate directorship does not shield the Member from the requirement for a Public Practice Certificate. The Member knew, or ought to have known, that the company must meet the requirements of an Approved Practice Entity, and that these requirements include a Public Practice Certificate. The Member's professional conduct is a fundamental breach of the By-Laws. The Disciplinary Tribunal imposed the following penalties:

Complaint 1: 

• Forfeiture of membership until the liquidation of Tax Leopard Pty Ltd is finalised.

Complaint 2:

• Forfeiture of membership, not eligible for readmission for a period of two years from the date of this hearing.
• As a condition of readmission, if the Member intends to provide Public Accounting Services, he must apply for a Public Practice Certificate and obtain appropriate insurance.

The periods of forfeiture are to be served concurrently.

Costs

Mr Kambouridis was ordered to pay CPA Australia’s costs of $11,427.50.