An individual may be disqualified from being a company director in the following circumstances. These are generally quite severe and we suggest you speak with your applicant for further information regarding the disqualification.

  1. The individual has been the director of two or more companies that have gone into liquidation within the past 7 years and owe their creditors more than 50% of the debts accrued

  2. The individual is personally bankrupt

  3. The individual has been banned by ASIC due to severe misconduct such as fraud

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