ob体育 has permanently banned former CEO Mark Peter Thomas from performing any function involved in the operation of a financial services business or credit provider, or controlling, whether alone or with others, an entity that operates a financial services business or provides credit.聽
The ban follows Mr Thomas鈥檚 conviction for dishonestly using his position as director of New Zealand-based, van Eyk Research subsidiary, Blueprint Investment Management Limited (Blueprint) and engaging in dishonest conduct.聽
Mr Thomas was sentenced to one year and three months鈥� imprisonment, to be served by way of an Intensive Correction Order, for using his position as a director dishonestly with the intention of directly or indirectly obtaining an advantage for himself.鈥疉s part of his sentence, Mr Thomas was ordered to complete 250 hours of community service(22-318MR).听
Under the Corporations Act, ob体育 may permanently ban a person from the financial services industry and the credit industry if they are convicted of an offence involving serious fraud or dishonest conduct.聽聽聽
Mr Thomas' banning will be recorded on ob体育's鈥�赌�
Mr Thomas has the right to appeal to the Administrative Appeals Tribunal for a review of ob体育's decision.聽
Background
Mr Thomas was sentenced on 14 November 2022 in the New South Wales District Court, after previously pleading guilty to breaching his directors鈥� duties (22-123MR).听
The matter was prosecuted by the Commonwealth Director of Public Prosecutions following a referral from ob体育.聽
Mr Thomas was convicted of breaching s184 of the鈥�Corporations Act 2001, which at the time of the offending, carried a maximum penalty of $340,000 or five years imprisonment, or both.