ASIC Disqualifies Denise Anne Halfpenny from Managing Companies for 4 Years

The Australian Securities and Investments Commission (ASIC) today announced that it has disqualified Denise Anne Halfpenny of Rawson, Victoria from managing companies for four years due to her involvement in the failure of three companies.

Between 2013 and 2015, Ms Halfpenny was a director of:

• Chipotley Pty. Ltd. A.C.N 606 368 290 (Chipotley);

• NAC Consult Aust Pty. Ltd. A.C.N 607 020 422 (NAC Consult); and

• Resilient Training Pty Ltd A.C.N 163 387 282 (Resilient Training).

In making its decision, ASIC found that, in relation to Chipotley and NAC Consult, Ms Halfpenny:

• Failed to pay tax debts and failed to meet the companies' statutory lodgement obligations;

• Executed poor financial management by allowing the companies to:

1. transfer over $4.5 million between July 2015 and July 2016 to an unrelated corporate entity in circumstances where there was no clear benefit to either company; and

2. traded while insolvent.

▪ Failed to comply with her record keeping directors' duties.

Resilient Training failed in June 2016 and Chipotley and NAC Consult both failed in September 2017. 

The total amount owed to creditors across all three companies is estimated to be more than $7.5 million, of which approximately $4.8 million is owed to the Australian Taxation Office.

Ms Halfpenny is disqualified from managing corporations until 29 July 2025.