Post: ASIC disqualifies Victorian director from managing corporations

Anthony Ronald Lawless of Maribyrnong, Victoria, has been disqualified from managing corporations for eighteen months after his involvement in three failed companies.

Mr Lawless was a director of three companies that went into liquidation in 2018 and 2020:

Lawless Group Pty Ltd ACN 111 524 282 (Lawless Group);
4D Joinery Pty Ltd ACN 615 220 892 (4D Joinery); and
Boulderstone Concrete Pty Ltd ACN 615 220 909 (Boulderstone).
Lawless Group operated as a building company, 4D Joinery and Boulderstone provided joinery and concreting services.

ASIC’s investigation found that Mr Lawless failed to:

ensure Lawless Group and 4D Joinery complied with their obligations to pay employee superannuation entitlements;
understand his obligations and duties as director of Lawless Group;
act with the required degree of care and diligence in respect of Lawless Group by incorrectly accounting for payments totalling $491,918.82; and
prevent Lawless Group and 4D Joinery from incurring debts when the companies may have been trading while insolvent.
The total amount owed to creditors across all three companies was $6,576,664.56, including $1,439,462.95 owed to the Australian Taxation Office.

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