Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
Receive the latest mybusiness newssign up
Director loses appeal against disqualification

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Director loses appeal against disqualification

Gavel, judge, court, verdict

A businessman has had his four-year ban from managing companies upheld by the Federal Court following his appeal against the disqualification by ASIC.

In July last year, Perth man Rodney Charles Carter was given the ban for his involvement in six failed businesses. They were:

• Voiceworks IT
• Voiceworks (Australasia)
• Mycooee.Com.Au
• First Homebuyers Group (Australia)
• Standard Publishing House (Aust)
• S P H Holdings

Advertisement
Advertisement

The Australian Securities & Investments Commission (ASIC) has the power to ban directors for up to five years if, within a seven-year period, they hold senior positions with at least two companies that collapse and are unable to pay their debts.

Mr Carter lodged an appeal in the Federal Court of Australia, claiming he had not been properly served notice and therefore his banning could not be enforced.

The court rejected his claim, finding that he had been properly served with notice, and therefore his disqualification still stands.

His disqualification from managing companies will continue until 30 July 2021.

SPONSORED CONTENT

 

Individuals banned from positions of leadership within a business are listed on ASIC’s banned and disqualified register.

Earlier this week, the government announced it would slash the fees for using the register.

 

Adam Zuchetti

Adam Zuchetti

Adam Zuchetti is the editor of My Business, and has steered the editorial direction of the publication since the beginning of 2016. Before joining My Business, he worked on fellow Momentum Media titles The Adviser and Mortgage Business.

The two-time Publish Awards finalist has an extensive journalistic career across business, property and finance, including a four-year stint in the UK. Adam has written across both consumer and business titles, including for News Corp Australia and Domain.

You can email Adam at This email address is being protected from spambots. You need JavaScript enabled to view it.

comments
FROM THE WEB
Director loses appeal against disqualification
mybusiness logo