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.
