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.

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).

Read the full article at My Business.

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