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Director cops maximum ban for illegal phoenixing

Director cops maximum ban for illegal phoenixing

A NSW man has received the maximum five-year ban on managing companies after ASIC found he engaged in phoenix activity in multiple business failures.

  • mybusiness
  • August 17, 2018
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According to the Australian Securities and Investments Commission (ASIC), Jason Andrew Hammond of Cameron Park in the NSW Hunter region engaged in a number of improper activities associated with his three limited proprietary businesses: LLM Rivits, Dongrove and “ACN 125 277 250” (formerly known as Newcastle Bridal House).

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