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The federal court has dismissed an appeal of the Administrative Appeals Tribunal, affirming ASIC’s decision to disqualify a director of 18 failed companies that ran a deficiency of over $26 million, as estimated by liquidators.
ASIC had disqualified Lubo Zivanovic from managing corporations for three years on 18 February 2016, following his involvement in 18 failed companies that operated in the building and construction industry.
Read the full article at Accountants Daily.