Sheffield Insurance directors convicted and fined over a five-year financial reporting failure

25-281MR

criminal24 Nov 2025

Respondent

Phillip Bird

Facts

Two directors of Sheffield Insurance Pty Ltd (Sheffield) have been convicted of two offences and fined $15,000 over their role in Sheffield failing to lodge financial statements and auditor’s reports with ASIC for five years.

Outcome

ASIC criminal conviction — Phillip Bird, a director of Sheffield Insurance Pty Ltd, convicted and fined after pleading guilty to two charges of aiding, abetting, counselling or procuring Sheffield's failure to lodge financial statements and auditor's reports (announced 2025-11-24). ASIC states the two directors were 'fined $15,000' without stating each director's share. Prosecuted by the CDPP. See the ASIC source for the full terms.

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Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-281mr-sheffield-insurance-directors-convicted-and-fined-over-a-five-year-financial-reporting-failure

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