Regulatory Alerts2026-03-04
ASIC disqualifies NSW director for the maximum period of five years
The Australian Securities and Investments Commission has disqualified Claudio Criniti from managing corporations for five years due to his involvement in the failure of seven companies. ASIC found that Mr. Criniti failed to meet director obligations by not lodging tax returns, allowing insolvent trading, and failing to assist liquidators, resulting in over $8 million in debts owed to creditors. This disqualification is valid until 25 February 2031 and was issued under Section 206F of the Corporations Act following liquidator reports.
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