The Australian Securities & Investments Commission (ASIC) has disqualified former Queensland Senator Claire Mary Moore from managing corporations for four years following her role as a director of Warwick Gold Holdings Pty Ltd and Impact Gold Ltd, which entered liquidation in 2024 with substantial shortfalls. The disqualification runs until 17 December 2029. Ms Moore was appointed a director of both companies on 18 July 2023. ASIC found her management fell well below the standard expected of Australian directors, including by failing to take part in the companies’ management and to make relevant enquiries about operational and financial risks, failing to ensure Impact Gold maintained adequate financial records as a public company, and failing to assist the liquidator by providing required information. The companies raised AUD 44 million from around 400 shareholders through share issues for purported gold and precious metal mining operations in Papua New Guinea and Queensland. Ms Moore can seek review of ASIC’s decision by the Administrative Review Tribunal. ASIC also referenced related Federal Court proceedings it commenced to disqualify the companies’ CEO, David Catsoulis, with a final hearing listed to commence on 29 April 2026, and separate proceedings to restrain Colin Oxlade and Spice Capital Partners Pty Ltd from providing unlicensed financial services, alleging they raised approximately AUD 1.5 million between February and July 2024.

Original source View in tracker