The Australian Securities and Investments Commission has disqualified a man in Perth, Australia from managing corporations over his alleged role in the failure of nine recruitment companies, one of which collapsed owing more than AUD 2 million (USD 1.46 million), reports AccountantsDaily. The Commission claimed Peter Rozsy of North Perth was disqualified over the role he played in the failure of nine recruitment companies – ​​Natrec, 360Recruitment01, 360Recruitment02, 360Recruitment03, 360Recruitment04, 360Recruitment05, 360Recruitment06, 360Recruitment07, and 360Recruitment08, all based in Western Australia.

He was found by the Commission to have failed to pay taxes to the ATO (Australian Tax Office), and prevent 360Recruitment01 and 360Recruitment03 from trading while insolvent. Rozsy was also found to have failed to properly manage, and maintain proper books and records for 360Recruitment01. The total amount Rozsy owed to unsecured creditors at the time of the regulator’s decision was AUD 2.02 million (USD 1.48 million), of which AUD 602,434 (USD 441,831) is owed to ATO.