Regulatory Alerts2025-09-24
ASIC permanently bans Simone Hildebrand from credit activities and disqualifies her from managing corporations
ASIC has permanently banned Simone Hildebrand from engaging in credit activities and disqualified her from managing corporations for five years due to her status as an unfit and improper person. The regulator alleged that Hildebrand misused over $1.1 million held on trust, failed to pay statutory debts, and neglected duties regarding insolvent trading and record-keeping. This ban and disqualification became effective on 17 September 2025 and is recorded on ASIC's register, though Hildebrand retains the right to appeal to the Administrative Reviews Tribunal.
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