Mr Jamin RYAN—banned for three-and-a-half years

Mr Jamin RYAN—banned for three-and-a-half years

Mr Jamin Ryan, of Elemore Vale, New South Wales, was banned as a Company Director on 17 September 2009. Mr Ryan was the director of four failed companies, namely: A.C.N. 102 276 826 (formerly known as AIPT Pty Ltd); Newcastle Property Solutions Pty Ltd; Corporate Transport Services Australia Pty Ltd; and AIPT Management Pty Ltd.

Each of the failed companies had outstanding statutory liabilities including: $146,102 owed by AIPT Pty Ltd to the Office of State Revenue; $239,742 owed by Newcastle Property Solutions Pty Ltd; and $279,500 owed by AIPT Management Pty Ltd to the Australian Taxation Office (ATO).

It was also found that Mr Ryan resisted requests from and provided limited assistance to the liquidators in respect of each of the failed companies. In relation to Corporate Transport Services Australia Pty Ltd, Mr Ryan was previously convicted by ASIC for offences under the Corporations Act of failing to assist the liquidator and failing to provide a Report as to Affairs for the company.

AIPT Management Pty Ltd was involved in a number of property transactions with failed debenture issuer, Australian Capital Reserve, that have come under question by the liquidator of Australian Capital Reserve.

A report was submitted to ASIC by the respective company’s liquidators claiming that no dividends were expected to be paid to unsecured creditors.

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