NSW systems developer sentenced on ASIC charges

The Australian Securities and Investments Commission (ASIC) has reported that payment systems developer, Lindsay William Field, of West Pennant Hills, New South Wales, has been sentenced in the Downing Centre Local Court following a charge brought by the ASIC.

Mr Field was fined the maximum amount of $5,500 and ordered to enter into a two year good behaviour bond. An order was also made that Mr Field be fingerprinted.

Mr Field, also known as Bill Field, was convicted of managing a company while an undischarged bankrupt in relation to his involvement in the day-to-day operations of Think Systems Pty Ltd (in liquidation) between 10 February 2004 and 30 April 2005.

ASIC's investigation found that Mr Field acted as Chief Executive Officer of Think Systems and negotiated and signed contracts, agreements and charges on behalf of the company.

28 February, 2008


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