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Date Time Disqualification of former director of property development companies set aside by AAT On 7 August 2020, the Administrative Appeals Tribunal (AAT) set aside ASIC’s decision to disqualify Mr Kenneth Wen Hsi Lee from managing corporations in the matter of Lee and Australian Securities and Investments Commission [2020] AATA 2661 (7 August 2020). Read the Tribunal’s decision. The AAT determined that, even though the discretion to disqualify under 206F was enlivened, having weighed-up all the considerations the correct or preferable decision was that Mr Lee should not be denied the opportunity to be a director. Background Mr Lee was a former director of S.E.T Services Pty Ltd (SET) and Sydney Project Group Pty Ltd (SPG), both wound-up land-owning companies involved in a property development known as ‘Skypoint Towers’ in Lidcombe, New South Wales. ....