Melbourne-based accountant charged

Melbourne-based accountant, Jason Demot Cullen has been charged with two accounts of authorising the making of false and misleading documents, according to the Australian Securities and Investments Commission (ASIC).

The charges were brought before the regulator which alleged that on 19 January 2012 and 9 August 2012, Cullen engaged to provide services to satellite communications provider, NewSat Limited, which authorised the making of two false or misleading invoices.

NewSat Limited was formerly listed on the Australian Securities Exchange (ASX) and went into liquidation in August 2015.

Related News:

“Those invoices caused NewSat to make payments amounting to $275,000 to a private company associated with the company’s former chief executive officer, Mr Adrian Ballintine,” ASIC said. 

A hearing in relation to the charges would be held on 6 March 2018.

Related Content

Enforceable undertaking for Foster Stockbroking

Sydney-based Australian financial services licensee, Foster Stockbroking is providing an enforceable understanding to the Australian Securities and In...more

Permanent ban issued to Victorian insurance product referrer

The chief executive and national director sales and marketing of Melbourne-based Landlord Protection & Collection (LP&C) has been banned by th...more

ASIC imposes further conditions on MyPlanner

The regulator has negotiated additional conditions on the Australian financial services license (AFSL) of Queensland-based firm MyPlanner Australia af...more



Add new comment