In Nenna v Australian Securities and Investments Commission [2011] FCA 1193 the Federal Court of Australia granted permission for the former Centro Chief Financial Officer to manage one company despite being disqualified from being a company director but refused an application for another company.

The approval related to a company which only acted as trustee of the applicant’s Family Superannuation Fund. The refusal related to a company which provided corporate or business consulting services.

Judge Middleton set out the relevant factors for each decision.