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ASIC disqualifies three directors

ASIC disqualifies three directors

Eliot Hastie
— 1 minute read

Three Queensland directors have been disqualified by ASIC from managing corporations following reports from liquidators. 

Damian and Marie Dodds and Stephen Anderson have all be disqualified after failing to ensure that their company OneCash had complied with record keeping obligations. 

Mr Dodds and Mr Anderson have both been disqualified for two and a half years and Ms Dodds for 18 months. 

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The trio were all directors of OneCash and All Breads with Mr Anderson also director of DSM and Mr Dodds director of RPMZone.

According to the liquidator reports the trio had failed to ensure that OneCash had complied with record keeping obligations and failed to ensure OneCash and All Breads had paid taxes. 

All three were found to have failed to discharge their duty as directors and Mr Anderson was additionally found to have failed to ensure DSM had complied with record keeping obligations and Mr Dodds had failed to ensure RPMZone had paid taxed.

Liquidators have reported that the total amount owed to creditors exceeded $60 million across all four companies. 

Mr Dodds and Mr Anderson are disqualified from managing corporations until May 2021 and Ms Dodds is disqualified from managing corporations until May 2020. 

 

 

ASIC disqualifies three directors
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