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NSW directors Adam Rana and Joseph Tarzia fined $10,000 each for failing to have director identification numbers

26-109MR

criminal19 May 2026Penalty $10K

Respondent

Adam Rana

Facts

Two New South Wales directors have been convicted in the Downing Centre Local Court in Sydney on 19 May 2026 and fined $10,000 each for failing to comply with director identification requirements.

Outcome

Convicted ex parte and fined $10,000 — Adam Rana, for failing to have a director identification number (s 1272C(1) Corporations Act) (Downing Centre Local Court, 2026-05-19). He could apply to have the conviction set aside until 16 June 2026. Co-defendant Joseph Tarzia was separately fined $10,000. 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/2026-releases/26-109mr-nsw-directors-adam-rana-and-joseph-tarzia-fined-10-000-each-for-failing-to-have-director-identification-numbers

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