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A Victorian-based director has been disqualified from managing companies for four years for failing to comply with directors’ duties, tax obligations and employment laws.
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Director disqualified for failing to comply with tax obligations
05 November 2021
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5 minute read
ASIC has disqualified Zyra Meka from managing companies until 25 October 2025 due to her involvement in the failure of four companies she was director of between December 2016 and October 2019.
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The companies have been listed as Global Traffic (Vic) Pty Ltd, Global Traffic (Qld) Pty Ltd (GTQ), Global Traffic Australia Pty Ltd (GTA) and Global Road Safety Pty Ltd (GRS). The four companies operated in the traffic consulting space.
ASIC found that Ms Meka, who is based in Shepparton, had failed to exercise her powers and discharge her duties with the degree of care and diligence required of a reasonable director in respect to each of the companies; and failed to understand her directors’ duties to effectively manage and direct the companies.
The corporate watchdog found Ms Meka had also engaged in management duties of GRS from April 2019 to October 2019 while she was an undischarged bankrupt; failed to prevent GRS and GTA from trading while insolvent; failed to properly account for, provide for and pay the employee entitlements of GRS, totalling $928,893; and, failed to register GTA for payroll tax.
“The total amount owed to creditors by the four companies exceeded $17 million, including more than $8.5 million owed to the Australian Taxation Office (ATO), and over $1 million owed in payroll taxes,” ASIC said.
“In deciding to disqualify Mrs Meka, ASIC relied on supplementary reports lodged by GTA’s liquidators, Luke Targett and Daniel Juratowitch of Cor Cordis, and GRS’s liquidators, Adrian Hunter and Robyn [Erskine] of Brooke Bird. ASIC assisted GRS’s liquidators to prepare a supplementary report by providing funding from the Assetless Administration Fund.”
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