The Administrative Appeals Tribunal (AAT) has today set aside ASIC's decision to ban former Spaceship Capital Limited chairman Paul Dortkamp following an appeal.
AAT deputy president Brian Rayment, KC, noted he was not satisfied that Mr Dortkamp failed to act, did not understand the financial services which his company was providing, or is incompetent.
Spaceship welcomes the AAT's decision in respect of Mr Dortkamp.
Mr Dortkamp resigned from the Spaceship Capital board in June 2022 after 4.5 years of service.
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