Regulatory Alerts2025-10-21
Collection agency company director loses appeal against conviction for obtaining a financial advantage by deception
ASIC reports that the NSW District Court has upheld the conviction of Louise Medley, director of Black Collections Pty Ltd, for dishonestly obtaining a financial advantage by deception. Following the appeal dismissal, Medley received a conditional release order and faces an automatic five-year disqualification from managing corporations under section 206B of the Corporations Act. The conviction stems from her company’s unlicensed credit activities and deliberate misrepresentations between December 2016 and March 2018, which previously resulted in corporate penalties under the National Consumer Credit Protection Act 2009.
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