Victorian accountant charged by ASIC for alleged 'false or misleading' documents
A Melbourne accountant has been charged with two counts of authorising the making of a false or misleading document following an ASIC investigation.
Yarraville-based accountant Jason Dermot Cullen yesterday appeared before the Magistrates' Court of Victoria charged with two counts of authorising the making of a false or misleading document required under the Corporations Act.
The charges were brought by ASIC following an investigation into NewSat Limited (NewSat), a company formerly listed on the ASX. The company entered into liquidation on 7 August 2015.
ASIC alleges that on 18 January 2012 and 9 August 2012, Mr Cullen, engaged to provide services to NewSat Limited, authorised the making of two invoices for accounting services that were false or misleading contrary to section 1308(2) of the Corporations Act.
ASIC alleges that those invoices caused NewSat to make payments amounting to $275,000 to a private company associated with the company’s former chief executive officer, Mr Adrian Ballintine.
Each of the charges carries a maximum penalty of five years' imprisonment and will be due for a mention hearing to be held on 6 March 2018.
The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.