Regulatory Alerts2025-07-18
ASIC disqualifies NSW construction director for five years
The Australian Securities and Investments Commission has disqualified Anthony Azizi from managing corporations for five years due to his improper conduct and failure to meet director obligations across three failed construction companies. Azizi was found to have traded while insolvent, neglected statutory lodgement requirements, and failed to assist liquidators, resulting in over $93 million in debts owed to more than 300 unsecured creditors. This disqualification, effective until July 2030, was issued under Section 206F of the Corporations Act following liquidator reports detailing the companies' inability to pay their debts.
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