The Australian Securities & Investments Commission (ASIC) reported that Louise Angela Medley, director and sole shareholder of Black Collections Pty Ltd, has lost an appeal and was reconvicted in the New South Wales District Court on two counts of dishonestly obtaining a financial advantage by deception. The court discharged her on a 12-month conditional release order to not offend, and the conviction triggers an automatic five-year disqualification from managing corporations under section 206B of the Corporations Act from the conviction date. The court found Ms Medley knowingly made deliberate and dishonest misrepresentations despite knowing Black Collections was not licensed to act as a debt collector, enabling her to benefit through the collection of commission monies from consumer credit debt collections. The deception occurred between about 16 December 2016 and 13 March 2018, and the company operated from Double Bay, New South Wales; the court also noted the offending occurred almost nine years ago and that a licence was no longer required in NSW. Black Collections was separately convicted of contravening sections 29(2) and 30(3) of the National Consumer Credit Protection Act 2009 for engaging in unlicensed credit activities and holding out that it held a licence, in proceedings prosecuted by the Commonwealth Office of the Director of Public Prosecutions following an ASIC referral.
Australian Securities & Investments Commission 2025-10-21
Australian Securities & Investments Commission reports Black Collections director loses appeal and is reconvicted for deception over unlicensed debt collection
ASIC announced that Louise Angela Medley, director of Black Collections Pty Ltd, lost an appeal and was reconvicted for dishonestly obtaining a financial advantage by deception. She received a 12-month conditional release order and faces a five-year disqualification from managing corporations under the Corporations Act. Black Collections was also convicted for unlicensed credit activities under the National Consumer Credit Protection Act 2009, following an ASIC referral.