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Two banned directors leave trail of 21 failed companies, $38m debt

Two banned directors leave trail of 21 failed companies, $38m debt

ASIC has disqualified two Sydney directors with a total of 21 failed companies between them and combined debts of almost $38 million, including more than $17 million owed to the ATO.

by Shared from Accountants Daily | Sep 8, 2022

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With nine failed companies owing a total of nearly $30 million, former director Ian David Johnson of Potts Point, Sydney, has been banned by ASIC from managing corporations for one year.

The companies, with Mr Johnson as director between May 2009 and August this year, include seven operating in the construction industry, one in education and training, and one in healthcare and social services assistance.