‘Not happy’: ASIC bans Gutnick from running corporations

Liam WalshReporter

Mar 8, 2024 – 3.30pm

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Key Points

Joe Gutnick has been banned from managing corporations for 4 years.
ASIC says the ban is due to his actions in 3 failed companies.
He is reviewing the decision with lawyers.

“Diamond” Joe Gutnick has been banned from managing corporations for four years after scathing findings on the mining entrepreneur from the regulator.

The Australian Securities and Investments Commission (ASIC) on Friday said Mr Gutnick, 71, had acted improperly and failed to meet his obligations as a director.