The Australian Securities and Investment Commission has banned former directors of IT training and development firm A.S.K Solutions from managing corporations for up to three years.
Alan John King and Stephen Philip Hill, both from NSW, were banned in April for two years and three years, respectively.
ASIC alleged that King and Hill were the directors of two failed companies formerly known as A.S.K. Solutions and A.S.K. Learning.
Both companies entered liquidation on 26 November, 2008 with ASIC claiming they owed more than $4 million to the Australian Taxation Office and $512,348 to their employees.
Commissioner Peter Boxall said ASIC was committed to targeting directors who had a "history of being involved in failed companies".
"Disqualification removes their right to be involved in the management of a company and takes away the protection of limited liability.
"Disqualification action assists to protect future creditors, investors and employees who may otherwise become involved with these individuals," he said.
Scott Frew, chief executive officer of Distribution Central, bought A.S.K. Learning from liquidators two years ago.
A.S.K Learning has offices in Sydney, Singapore and Beijing. Frew said he was about to open an office in San Jose, the heart of Silicon Valley.
ASIC's latest actions bring the number of disqualified directors to 70 for the financial year ending 30 June.
Between April and June, ASIC disqualified 13 directors from managing corporations following their involvement in failed companies.
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