Australia's corporate watchdog has banned three WA company directors, previously involved in IT, cleaning and plastering from managing corporations for between two and five years.
Australia's corporate watchdog has banned three WA company directors, previously involved in IT, cleaning and plastering from managing corporations for between two and five years.
Christopher Savage, from Claremont, has been banned by the Australian Securities and Investment Commission from being a company director for five years.
He was the director of five failed companies, Chris Savage (WA), Architectural Plaster (WA), Architectural Plaster (Aust), and Chris Savage (NSW).
The companies were placed in liquidation between July 21 2006 and May 15 2009.
In each case ASIC received a report from the liquidators stating that no dividend would be paid to unsecured creditors.
The companies owed the Australian Tax Office $630,000.
"ASIC found that Mr Savage demonstrated a serious lack of commercial morality, and appeared incapable of managing a company's affairs," ASIC said in a statement.
"It was also noted that Mr Savage declared bankrupt on November 9 2009 and had not been discharged from his bankruptcy."
Blagojce Djoneski, was the former directors of four failed companies, Goldfinger Facilities Corporation, Goldfinger Cleaning, Smart Care Cleaning Services, and Clean Connnection.
In a statement ASIC said Mr Djoneski "failed to take reasonable steps to ensure that Goldfinger Cleaning complied with its obligations to keep financial records."
"ASIC also found the Mr Djoneski breached his duties as a director by failing to properly exercise his powers and duties with care and diligence regarding loans arranged between two of the companies and himself and failed to pay statutory liabilities."
He has been banned from managing a corporation for three years.
ASIC also banned Palmyra man David Parnis for directing a company for two-and-a-half years.
ASIC investigated Mr Parnis who was a director of Accelerate IT Solutions, Accelerate Australia, Digital Signatures Australia, and DVP Australia, where a liquidator was appointed.
'All four companies failed with outstanding liabilities including liabilities to the ATO," ASIC said.
"ASIC's investigation found that Mr Parnis failed to take reasonable steps to secure compliance by the companies with their obligations to keep adequate books and records and that he allowed Accelerate IT solutions to continue to incur debts despite the company being insolvent," the ASIC statement said.
ASIC also found he failed to make sure Accelerate Australian Internet complied with its statutory obligation to pay the annual review fee.
ASIC banned 13 company directors between April and June, bringing to 70 the total number banned in the 2010 financial year.
