Steven Andrew Soong, of Concord New South Wales, has been banned by ASIC from managing corporations for three and a half years.

Mr Soong failed to discharge his duties as a director by using tax debts that were collected on labour hire costs to continue trading the companies instead of remitting the debt to the Australian Taxation Office.
Content of Penalty:

Mr Soong's banning follows the appointment of liquidators to three companies he managed, Kalnosa Pty Ltd, Linsari Pty Ltd and Larsay Pty Ltd.

Date: 12/09/2017