JOHN Kenneth Broadley has been fined $600 and ordered to pay $230.50 in costs by the Perth Court of Petty Sessions for one count of making a false statement to the Australian Securities and Investments Commission.
The charge was laid following an ASIC investigation into Mr Broadley’s conduct and deregistered company Aptoga Pty Ltd, of which he was a director.
Aptoga was previously called Broadley Auto Group Pty Ltd and carried on the business of a motor vehicle retailer in Cairns, Queensland, between 1982 and 1997.
In June 1999 a former Aptoga employee commenced an action in the Supreme Court of Queensland in which Mr Broadley was named as first defendant and Aptoga the fourth defendant.
ASIC alleged that in an application for voluntary deregistration of Aptoga lodged with ASIC on November 19 2001, Mr Broadley declared that the company was not subject to any legal proceedings, despite his knowledge of the ongoing Supreme Court action.
As a result of his current conviction for lodging a false statement with ASIC, Mr Broadley has been disqualified from the management of corporations until February 2009.
© Business News 2017. You may share content using the tools provided but do not copy and redistribute.