Our People


Frank is the National Head of Restructuring & Recovery and Director at RSM Australia, and has been with the firm since 1991. He is well known and respected in the Canberra community for his down-to-earth and open-door approach, and the ability to find solutions to even the most complex financial challenges.

Frank Lo Pilato is a Partner of RSM Australia Partners and a Director of RSM Australia Pty Ltd.

Frank is a registered liquidator and registered bankruptcy trustee and is highly skilled in guiding individuals and directors through personal insolvency, bankruptcy, or corporate insolvency. 

“All my initial client meetings are free because I want to understand a person’s situation so I can provide guidance on their options. Sometimes we resolve the issue then and there and they can move forward with recovery on their own. I enjoy listening to people because it helps me give the right advice, and I never consider any job too big or too small – I work with everyone.” 

Frank has over 30 years experience in insolvency and restructuring and recovery,With more than 30 years’ experience in insolvency and restructuring and recovery, Frank has a deep understanding of Australian financial and corporate laws. He is passionate about helping people get through times of hardship and developing a plan so they can move forward with confidence.

In his spare time, you’ll find Frank at a Canberra Raiders or Brumbies game or watching sport on TV. Frank’s wife often jokes that he suffers from sport FOMO (fear of missing out) – leading him to watch or attend anything from Euro football to the Super Bowl.

Mobile Service Locations:
Batemans Bay, Brisbane, Canberra, Gold CoastOrange/Bathurst, Sunshine CoastWestern Sydney, and Wollongong.

Solutions Frank provides

Frank has considerable experience in the areas of corporate reviews, accounting, and insolvency services. His experience includes the following areas:

  • individual bankruptcy solutions
  • family business insolvency solutions
  • corporate insolvency solutions
  • restructuring and recovery advice strategic and business reviews
  • turnaround management and workout advice
  • valuations and investigations
  • due diligence reviews
  • formal insolvency appointments as governed by the Corporations Act
  • expert witness
  • bankruptcy – the conduct of formal personal administrations as governed by the Bankruptcy Act
  • part X arrangements under the Bankruptcy Act

Frank is an expert in providing individual bankruptcy solutions and family business insolvency solutionsSignificant projects

Frank's experience extends to a wide range of projects in the following industries:

  • building and construction
  • hospitality
  • Aboriginal and Torres Strait Islander affairs
  • information technology
  • retailing
  • transport
  • restaurants and cafes
  • manufacturing
  • pubs and clubs
  • government-funded not-for-profit

Professional associations

  • Fellow, Chartered Accountants Australia and New Zealand


  • Bachelor of Economics (ANU)


  • Registered company liquidator
  • Official liquidator
  • Registered trustee in bankruptcy

Director Penalty Notice (DPN): Your questions answered

1 September 2022
As the ATO increases activity around the issuing of DPNs in 2022, it’s important to be aware of your rights and obligations in relation to tax debts. Frank Lo Pilato, Restructuring and Recovery Partner and Managing Partner based in Canberra, provides some general insights in relation to Director Penalty Notices (DPNs). We hope you find thes...

Signs of Insolvency | Part One: 6 Common Triggers

14 March 2022
Frank Lo Pilato, Director and Managing Partner of RSM Canberra, drew on his decades of experience to share six common signs of insolvency and bankruptcy, along with why he believes you learn more by failure than victory.

New warning notices from ATO for businesses with $100k+ tax debt

30 August 2021
Under laws introduced in 2019, the ATO is now issuing warning notices to businesses with tax debts over $100,000 that are now 90 days or more overdue.   Business owners have 28 days to engage with the ATO to discuss a payment arrangement or face having the debt disclosed to credit agencies.  While it may seem like a harsh measu...

Having a failing business is mentally tough

1 July 2021
It takes its toll: mental health and the fear of bankruptcy. This month Andrew Bowcher, an RSM Partner based in Wagga Wagga, shares his personal experience of working with people who are facing potential bankruptcy. After nearly 20 years with RSM, he has worked with a lot of clients and heard a lot of personal stories.

Directors now immediately liable for overdue superannuation amounts

5 September 2019
From April 1st 2019, directors may be held personally liable for overdue superannuation from the moment it becomes overdue. The change, which falls under the Treasury Laws Amendment (2018 Measures No.4) Bill 2018, was announced alongside sweeping reforms to superannuation in Australia, such as the introduction of the new protecting your sup...

Personal Insolvencies on the Rise

14 December 2016
In a sign of the challenging economic circumstances that face certain industries and geographic areas throughout Australia the number of personal insolvencies in Australia has risen by 4.4% in 2015 / 16 as compared to 2014 / 15. This is the first increase in formal personal insolvencies since the Global Financial Crisis. A total of 29,527 ind...

Untrustworthy advisers exploit unsuspecting directors

21 September 2016
Our August Newsletter ('Phoenix Rising: ASIC Keeps Eagle Eye on Professional Adviser') noted ASIC’s prosecution of a business adviser who assisted a director to breach his statutory duties. ASIC has now written to company directors highlighting the need for caution when contacted 'out of the blue' by advisers seeking to assist them in cas...

Director Penalty Notices - An explanation of the Director Penalty Regime

13 April 2016
What is a director penalty notice (DPN)? A notice issued by the ATO, which if not complied with by the due date, makes a director personally liable for the penalty amount until it is paid in full. The director penalty regime applies to: Unpaid Pay As You Go (PAYG) withholding amounts Unpaid Superannuation Guarantee Charge (SGC) ob...

ATO more aggressive in winding up businesses owing 100K+

21 May 2015
Businesses owing the ATO $100,000 have been wound up as a new crackdown gathers momentum. This indicates a clear change of focus and increased enforcement for the ATO and the message is clear - get a payment plan in place ASAP, or face a real risk of being wound up. In June 2013 the ATO published its’ approach to taking firmer action in circum...