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A Queensland director whose companies owed creditors more than $250 million has been banned from managing companies for two years.
ASIC has disqualified William McDonald of Clayfield, Queensland, from managing companies until 24 June 2023 for his involvement in the failure of six companies: MCG Group Pty Ltd, Wonky Donkey Pty Ltd, MCG Quarries Pty Ltd, Fortrus Resources Pty Ltd, B. McDonald (NO.2) Pty Ltd, and MCG Plant Pty Ltd A.C.N.
Read more at Accountants Daily.