Regulatory Alerts2026-02-26
ASIC disqualifies Victorian property development director Kylie Campbell for 5 years
ASIC has disqualified Kylie Campbell from managing corporations for five years due to her involvement in the failure of three property development companies that owed $4.55 million to creditors. The regulator found that Campbell failed to discharge her director duties by not maintaining adequate financial records, lodging statutory obligations with the ATO, and assisting liquidators. This disqualification is effective until January 20, 2031, and was issued under Section 206F of the Corporations Act based on liquidator reports regarding the companies' inability to pay debts.
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