Australian Securities & Investments Commission permanently bans Simone Hildebrand from credit activities and disqualifies her from managing corporations for five years

The Australian Securities & Investments Commission (ASIC) has permanently banned Simone Hildebrand from engaging in any credit activities, controlling an entity engaged in credit activities, or performing any function involved in engaging in credit activities, and has disqualified her from managing corporations for five years. The orders took effect from 17 September 2025 and have been recorded on ASIC's banned and disqualified register. ASIC stated it has reason to believe Ms Hildebrand is likely to contravene credit legislation and is not a fit and proper person, alleging she caused the misuse of AUD 1,159,127.63 held on trust by transferring the money to other companies of which she was a director, conduct it characterised as dishonesty or gross recklessness. Additional allegations included a lack of regard for paying statutory debts, a failure to produce company books to a liquidator, and a failure to prevent a company from incurring debts when it was insolvent; Ms Hildebrand was an officer and director of Bill Butler Pty Ltd (in external administration), an Australian credit licensee authorised to provide debt management services, and of debt agreement administrator Sam Pos Pty Ltd (deregistered), whose debt agreement registration was cancelled in March 2023 by the Inspector-General in Bankruptcy for non-compliance with the Bankruptcy Act 1966 and failure to meet fit and proper person requirements. Ms Hildebrand has the right to appeal to the Administrative Reviews Tribunal for a review of ASIC's decision.