Mr Paul Anthony Pattison’s four-year disqualification from managing corporations has been reduced to three years.

ASIC banned Mr Pattison in January 2013 for four years (refer: 13-033MR).

In March 2013 Mr Pattison applied to the Administrative Appeals Tribunal (AAT) for review of ASIC’s decision.

The hearing of the AAT application was commenced on 16 June 2014 but was not completed following agreement between the parties. On 20 June 2104, with consent of the parties, the AAT made orders reducing the period of disqualification to three years ending on 21 January 2016.