- Victorian director sentenced for making a false statement to ASIC
- 01/12/2025 Make a Comment
- Contributed by: Greg ( 1 article in 2025 )
Published 24 August 2022
Timothy Lee Knight of Ivanhoe East, Victoria, has been convicted after pleading guilty to authorising the making of a false or misleading statement to ASIC, contrary to s1308(2) of the Corporations Act.
Mr Knight was formerly the director of Knight & Day Eating Pty Ltd (ACN 611 316 333) (deregistered) (KDE) which operated a restaurant business.
On 16 May 2019, on his authorisation, a Form 6010 was lodged with ASIC to voluntarily deregister KDE, declaring that the company did not have any outstanding liabilities when, at the time, Mr Knight was aware that KDE had an outstanding debt of $225,293.00 to Knight & Day Property Painting Pty Ltd (ACN 162 632 760) (in liquidation), another company of which Mr Knight was also the sole director.
Mr Knight was convicted and fined $1,500 following his guilty plea on 17 August 2022 at Heidelberg Magistrates' Court.
The matter was prosecuted by the Commonwealth Director of Public Prosecutions following a referral from ASIC.
Former director of Knight & Day Eating Pty Ltd, Timothy Lee Knight, of Ivanhoe East, Victoria, has been charged with making a false or misleading statement to ASIC.
It is alleged that in May 2019, Mr Knight lodged a Form 6010 with ASIC to voluntarily deregister Knight & Day Eating, in which he falsely or misleadingly claimed that the company had no outstanding liabilities.
At the time, it is alleged that Knight & Day Eating had outstanding liabilities of $225,293.00 owing to Knight & Day PropertyPainting Pty Ltd. Mr Knight is the sole director of Knight & Day PropertyPainting.
On 10 August 2018, Knight & Day PropertyPainting Pty Ltd was placed into administration and on 3 September 2018 its creditors resolved that the company be wound up.
As a result of Knight & Day Eating being deregistered, Knight & Day PropertyPainting and its creditors subsequently lost the opportunity to recover debts owed by Knight & Day Eating.
The matter was heard in the Heidelberg Magistrates Court on 20 October 2021. The matter was previously heard on16 June 2021 and continued on 18 August 2021, however Mr Knight failed to appear.
The matter is listed for further mention on 16 March 2022.
Commonwealth Director of Public Prosecutions is prosecuting the matter.
Background
At the time of the conduct, making a false or misleading statement to ASIC contrary to s1308(2) of the Corporations Act 2001 (Cth) carried a maximum penalty of five years imprisonment.
Knight & Day Eating has been deregistered. It held ACN 611 316 333.
Editor's note 1:
On 16 March 2022, the matter was adjourned to a date to be fixed.
Editor's note 2:
The matter has been listed for 18 May 2022.
Editor's note 3:
The matter has been relisted for 15 June 2022.
Editor's note 4:
On 15 June 2022, the matter was adjourned to 17 August 2022.
Timothy Lee Knight of Ivanhoe East, Victoria, has been convicted after pleading guilty to authorising the making of a false or misleading statement to ASIC, contrary to s1308(2) of the Corporations Act.
Mr Knight was formerly the director of Knight & Day Eating Pty Ltd (ACN 611 316 333) (deregistered) (KDE) which operated a restaurant business.
On 16 May 2019, on his authorisation, a Form 6010 was lodged with ASIC to voluntarily deregister KDE, declaring that the company did not have any outstanding liabilities when, at the time, Mr Knight was aware that KDE had an outstanding debt of $225,293.00 to Knight & Day Property Painting Pty Ltd (ACN 162 632 760) (in liquidation), another company of which Mr Knight was also the sole director.
Mr Knight was convicted and fined $1,500 following his guilty plea on 17 August 2022 at Heidelberg Magistrates' Court.
The matter was prosecuted by the Commonwealth Director of Public Prosecutions following a referral from ASIC.
Victorian director charged with making a false statement to ASIC
Published 25 October 2021Former director of Knight & Day Eating Pty Ltd, Timothy Lee Knight, of Ivanhoe East, Victoria, has been charged with making a false or misleading statement to ASIC.
It is alleged that in May 2019, Mr Knight lodged a Form 6010 with ASIC to voluntarily deregister Knight & Day Eating, in which he falsely or misleadingly claimed that the company had no outstanding liabilities.
At the time, it is alleged that Knight & Day Eating had outstanding liabilities of $225,293.00 owing to Knight & Day PropertyPainting Pty Ltd. Mr Knight is the sole director of Knight & Day PropertyPainting.
On 10 August 2018, Knight & Day PropertyPainting Pty Ltd was placed into administration and on 3 September 2018 its creditors resolved that the company be wound up.
As a result of Knight & Day Eating being deregistered, Knight & Day PropertyPainting and its creditors subsequently lost the opportunity to recover debts owed by Knight & Day Eating.
The matter was heard in the Heidelberg Magistrates Court on 20 October 2021. The matter was previously heard on16 June 2021 and continued on 18 August 2021, however Mr Knight failed to appear.
The matter is listed for further mention on 16 March 2022.
Commonwealth Director of Public Prosecutions is prosecuting the matter.
Background
At the time of the conduct, making a false or misleading statement to ASIC contrary to s1308(2) of the Corporations Act 2001 (Cth) carried a maximum penalty of five years imprisonment.
Knight & Day Eating has been deregistered. It held ACN 611 316 333.
Editor's note 1:
On 16 March 2022, the matter was adjourned to a date to be fixed.
Editor's note 2:
The matter has been listed for 18 May 2022.
Editor's note 3:
The matter has been relisted for 15 June 2022.
Editor's note 4:
On 15 June 2022, the matter was adjourned to 17 August 2022.
Source: https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-232mr-victorian-director-sentenced-for-making-a-false-statement-to-asic/
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