Mr. John Edward Featherstone, of Norman Gardens, Queensland, has been charged with the fraudulent removal of property of a company.

ASIC alleges that between 1 September 2016 and 6 October 2016, Mr Featherstone, the sole director of Central Car and Truck Rental Pty Ltd ACN 071 292 414 (Central Car), engaged in conduct that resulted in the fraudulent removal of three vehicles belonging to Central Car to the value of $122,000.

Mr Featherstone appeared before the Rockhampton Magistrates Court on 16 October 2018.

The matter was adjourned for further mention on 13 November 2018 at the Rockhampton Magistrates Court.

The Commonwealth Director of Public Prosecution is prosecuting the matter.

Background

Central Car was placed into Administration on 13 July 2016 and liquidators were subsequently appointed on 17 August 2016.

ASIC commenced an investigation after receiving a report from the liquidators of Central Car, Mr. Paul Nogueira and Mr. Morgan Lane.

Editor's note:

Following a hearing at the Rockhampton Magistrates’ Court on 13 November 2018, the matter was adjourned for further mention until 11 December 2018.

Editor's note 2:

Following a hearing at the Rockhampton Magistrates’ Court on 11
December 2018, the matter was adjourned to 15 January 2019 for sentence.

Editor's note 3:

Mr Featherstone appeared before the Rockhampton Magistrates’ Court on 15
January 2019 and was convicted of fraud. He was ordered to pay a fine of
$1,750.