The Australian Securities & Investments Commission (ASIC) has disqualified David John Parker of Coolangatta, Queensland, from managing corporations for the maximum period of five years, citing his involvement in the failure of four companies. The disqualification runs until 24 March 2031. ASIC found Mr Parker failed to meet director obligations, including ensuring lodgement of business activity statements, income tax returns and PAYG payment summaries and timely repayment of tax debts; maintaining adequate books and records, including a failure by Quality Corporate Management Pty Ltd to properly record around AUD 19 million of bank inflows and outflows; securing control of All Concrete SLD Pty Ltd’s bank account; and submitting a report on company activities and property (ROCAP) to the liquidator within the required timeframe. At the time of ASIC’s decision, the four companies owed more than AUD 3 million to unsecured creditors, including over AUD 1 million owed to the Australian Taxation Office. Mr Parker can seek a review of ASIC’s decision by the Administrative Review Tribunal.
Australian Securities & Investments Commission 2026-04-14
Australian Securities & Investments Commission bans David John Parker from managing companies for five years over four corporate failures
The Australian Securities & Investments Commission has disqualified David John Parker of Queensland from managing corporations for five years, until 24 March 2031, for his role in the failure of four companies. ASIC found he failed to meet director obligations, including lodging tax documents, maintaining adequate books and records for around AUD 19 million of bank transactions, securing control of a company bank account, and submitting a report on company activities and property. The companies owed more than AUD 3 million to unsecured creditors, including over AUD 1 million to the Australian Taxation Office. Parker may seek a review of the decision.