Original article by Sarah Danckert
The Australian Financial Review – Page: 20 : 29-May-15

The Australian Securities & Investments Commission (ASIC) believes that Bill Lewski’s 15-year ban on serving as a company director is insufficient. It wants the founder of Prime Trust to be permanently banned from holding such positions, while it has argued in the Full Federal Court that a $A230,000 fine for breaching his duties as a director is also inadequate. ASIC is seeking higher fines for several other Prime directors.

CORPORATES
PRIME RETIREMENT AND AGED CARE PROPERTY TRUST, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, FEDERAL COURT OF AUSTRALIA, PLACES VICTORIA