Former employment agency director Rachel Edwards (also known as Konito Pakoti) of Werribee, Victoria, has been found guilty of breaching the duties of its administrators and sentenced to 11 months in prison . She was immediately released on a three-year bond for good behavior.
From February 9, 2009 to January 26, 2016, Ms Edwards was sole director of employment agency Westpower Victoria Pty Ltd (ACN 135 293 873) (in liquidation).
Between January 15, 2010 and September 23, 2011, Ms. Edwards made 175 withdrawals totaling $619,897.71 from a Westpower bank account and deposited the funds into a personal account.
Westpower went into liquidation on January 5, 2012 with debts totaling over $930,000, including $735,680.36 owed to the ATO.
Ms Edwards pleaded guilty in Melbourne County Court on January 24, 2022 and was sentenced on February 17, 2022.
The Commonwealth Director of Public Prosecutions pursued the case following a referral from ASIC.
Ms Edwards is automatically barred from managing the companies for five years under her conviction.
Edwards was found guilty of breaching section 184 of the Companies Act 2001, which at the time of her breach carried a maximum penalty of five years’ imprisonment or 200 penalty units.