An unlisted public company marketing online adult services has been fined $12,000 for failing to lodge financial reports with ASIC for three consecutive years.

Parramatta-based Redlight Manor Australia Ltd was convicted in the Downing Centre Local Court on 16 September 2014 after pleading guilty to three charges laid by ASIC for failing to lodge financial reports between 2011 and 2013.

ASIC Commissioner Greg Tanzer said Redlight Manor Australia Ltd was one of nine companies prosecuted over the last year as a result of ASIC’s ongoing compliance program.

‘Companies with a legal obligation to lodge financial reports with ASIC need to ensure they do so. Investors and creditors are entitled to know how companies are performing and rely on these reports to make informed decisions,’ Mr Tanzer said.

The Commonwealth Director of Public Prosecutions prosecuted the matter.