Regulatory Alerts2025-08-07
ASIC disqualifies NT director Mark Zappia for five years
The Australian Securities and Investments Commission has disqualified Mark Zappia from managing corporations for five years due to his improper conduct as a director of five failed transport companies. ASIC found that Zappia failed to meet statutory obligations, allowed companies to trade while insolvent, and misused company funds for personal loans and child support payments. The disqualification remains in effect until July 7, 2030, following a combined debt of over $7 million owed to unsecured creditors.
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