Peter Smith Partner

Peter has 27 years experience in all aspects of corporate turnaround, reconstruction and insolvency.

He has also specialised in insolvency and professional negligence related litigation, having prosecuted and defended negligence actions against accountants and directors arising out of liquidations and receiverships.

In addition, he has extensive experience in trade practices, corporate law and tax disputes.  With his training in alternate dispute resolution procedures, he is an advocate for seeking to resolve disputes in the earliest time frame possible.

Peter is endorsed as a leading restructuring and insolvency practitioner in Chambers Asia-Pacific (Australia) 2019 guide (and other publications) noting that clients praise him for his work in property receiverships in Queensland following the global financial crisis and recent environmental disasters. He has dealt with assets over AUD300 million in relation to these receiverships. In 2019, Peter was acknowledged in Best Lawyers as 2020 Queensland Lawyer of the Year for Insolvency and Reorganisation.

Peter is also endorsed as a leading commercial litigator by ‘Best Lawyers’ (2019) and also included in the category of ‘Bet –the-Company Litigation” (together Alternative Dispute Resolution and Litigation).



Department of Environment and Science

Acting for the party to a test case commenced by the Liquidators of Linc Energy seeking directions as to whether the property of the company should be applied to fund substantial rehabilitation costs in priority to claims of priority creditors, including employees.

Cockatoo Coal

Acted for the US based major shareholder and financier of Cockatoo Coal, which was successfully restructured under consecutive deeds of company arrangement and creditors trust with a funding injection of $100,000.

I-MED Group

Peter was part of his former firms’ restructuring team that advised the Senior Banking Syndicate on the restructuring of the I-MED Group, Australia’s largest, privately owned diagnostic imaging network.

Board of Mackay Sugar

Advised the Board throughout the company’s successful restructure that was implemented over an 18 month period.


Career & qualifications


  • Bachelor of Laws (Hons), University of Queensland
  • Bachelor of Commerce, University of Queensland


  • ARITA, the Turnaround Management Association
  • Insolvency and Reconstruction Law Committee of the Law Council of Australia
  • Law Society of Queensland

Insights Read more insight

The role of a Special Purpose Liquidator is not to investigate conduct of external administrators

Today, the Federal Court dismissed a novel application brought by a disgruntled shareholder and minor creditor seeking to have a Special Purpose Liquidator appointed to investigate the general...

Court directs whether work-in-progress and other intangible ‘assets’ are ‘circulating assets’

The Supreme Court of New South Wales has helpfully given guidance to the liquidators of the RCR Tomlinson Group on a number of unsettled questions that have challenged insolvency practitioners...