Quote from: paulzag on March 13, 2012, 12:43:59 PM

I think the Orange NSW address you are thinking of is for CryptoXChange's legal registered office address.

The ABN looks like it predates the move to Qld.

The absence of Annual Return filings reinforces a view that the company was deregistered automatically for not lodging annual returns.

However the company was not up-to-date with ASIC paperwork before it started the exchange. Strike 1 to piercing the corporate veil (and thus making Andre personally liable).

ASIC also regulates the provision of financial services in Australia. They love to go after shonky Queensland-based Kiwi get-rich-quick peddlers. And a company called "High Net Worth Property Pty Ltd" sounds like the perfect target. ASIC has powers to ban a director from working in the financial services industry, ban the holding of more directorships, or just ruin a director's reputation.

ASIC can also pierce the corporate veil and go after the director personally.

Although I was a Kiwi working in Australia for a while, I commuted to Melbourne. I also held a Financial Services Licence, but that was for trading electricity rather than a shonky deal. ASIC was interesting to deal with, but on the whole the legal framework was pretty sensible.

One of the services on the web is their scam alert https://www.moneysmart.gov.au/scams

Not sure, but it does look like there could be criminal and civil proceedings here.