Sep 9, 2021
David Ross of Box Hill North Victoria and Wade Steel of Earlwood NSW have been convicted of breaching their directors’ duties.
Mr Ross was a former company director of real estate photography and marketing business Image-Ination Pty Ltd ACN 111 647 128 (Image-Ination), while Mr Steel was the former general manager.
Mr Ross and Mr Steel pleaded guilty and were convicted after they used their respective positions at Image-Ination to recklessly gain an advantage for themselves or cause detriment to the company.
The company officers were sentenced at the Downing Centre Local Court in NSW on 7 September 2021. Mr Ross was convicted on the condition that he be of good behaviour for a period of three years and pay a $2,000 pecuniary penalty within 12 months. Mr Steel was convicted on the condition that he be of good behaviour for a period of three years.
The matter was prosecuted by the Commonwealth Director of Public Prosecutions following a referral from ASIC.