The Australian Securities & Investments Commission (ASIC) reported that a charge against NSW director Mark Stevens has been dismissed. Stevens had faced an allegation of dishonestly causing a financial disadvantage by deception under section 192E(1)(b) of the Crimes Act 1900 (NSW) relating to his time as a director of MWCLMS Pty Ltd (in Liquidation). Stevens was acquitted on 5 February 2026 after a four-day hearing in the Downing Centre Local Court. The prosecution was brought by the Office of the Director of Public Prosecutions (Cth) following an ASIC referral, and ASIC noted Stevens’ first appearance at the Downing Centre was in July 2024.
Australian Securities & Investments Commission 2026-02-13
Australian Securities & Investments Commission notes dismissal of criminal charge against MWCLMS director Mark Stevens
The Australian Securities & Investments Commission (ASIC) announced that charges against NSW director Mark Stevens, alleging financial deception under section 192E(1)(b) of the Crimes Act 1900 (NSW), have been dismissed following a four-day hearing. The prosecution, initiated by the Office of the Director of Public Prosecutions after an ASIC referral, concluded with Stevens' acquittal on 5 February 2026.