Campbell Nicholas

Member’s name: Campbell Nicholas
Date of Hearing: 20 March 2025
Division: New South Wales
Tribunal: Disciplinary

On 20 March 2025 the Disciplinary Tribunal found Mr Campbell Nicholas breached CPA Australia’s 11 May 2022 Constitution:

• Article 36(a), in that he “committed, participated in or been involved with an Adverse Event as defined in Article 76(h), by having “become the subject of a final adverse finding in relation to the Member's conduct, competence or recognition by any Court, professional body, statutory or other regulatory authority in any jurisdiction” in respect of the Judgement of the Federal Court of Australia (Federal Court), in the name of Australian Securities and Investments Commission v Noumi Limited (No 4) [2024] FCA 1192, dated 17 October 2024 (Judgement) which found he contravened sections 674(2A), 180(1) and 1309(2) and (12) of the Corporations Act and ordered that he:
  - pay to the Commonwealth of Australia a pecuniary penalty in the amount of $100,000
  - be disqualified from managing a corporation for a period of four years
  - pay ASIC’s costs of the proceedings solely against him, as taxed or agreed.

Mr Campbell Nicholas attended the Disciplinary Tribunal hearing and admitted the complaint.

Penalty and Costs:

The Disciplinary Tribunal found the Complaint sustained and imposed the following penalties:

• Forfeiture of Membership for a period of 4 years commencing 20 March 2025.

The Member was ordered to pay CPA Australia’s costs of $13,309.25.