Australia · Australian Securities and Investments Commission (ASIC)

Nathan Tinkler: director ban

Ended ASIC said the ban of three years and nine months took effect on 18 May 2017. The end date of 17 February 2021 is calculated from that start and length, ASIC did not state one. On that calculation the ban has run.

Grounds

ASIC said that, based on liquidators' reports, it was concerned the directors had failed to prevent the companies trading while insolvent, failed to ensure taxes were paid, failed to discharge their duties as directors and allowed one company to deliberately operate at a loss.¹

Companies

Ocean Street Holdings Pty Ltd, Tinkler Group Pty Ltd, Tinkler Group Holdings Administration, Monegeetta Holdings Pty Ltd, Patinack Farm Holdings No 4 Pty Ltd, Patinack Farm Holdings No 8 Pty Ltd, Thoroughbred Administration Pty Ltd, Aston Metals Limited, Patinack Farm Administration Pty Ltd, Mulsanne Resources Pty Ltd, Supercar International Holdings Ltd

Record

• 18 May 2017ASIC ban took effect.¹
• 24 May 2017ASIC announced the bans on Tinkler, Donna Dennis and Troy Palmer.¹

Sources

1. Australian Securities and Investments Commission, 17-151MR Three former co-directors banned from managing companies (24 May 2017)

A disqualification restricts acting as a company director for the period stated. It is a civil measure and is not a criminal conviction unless stated. How bans work.