Australia’s corporate regulator has permanently banned Simone Hildebrand from engaging in any credit activities, including controlling an entity or performing any function involved in such activities, and has disqualified her from managing corporations for five years.
The actions, effective from 17 September 2025, follow allegations by ASIC that Ms Hildebrand caused the misuse of $1,159,127.63 held on trust by transferring the money to other companies of which she was a director. The regulator said the conduct amounted to dishonesty or gross recklessness and showed a disregard for obligations when holding other people’s money.
ASIC said it has reason to believe Ms Hildebrand is likely to contravene credit legislation and is not a fit and proper person. It also alleged she had minimal regard for paying statutory debts, failed to produce company books to a liquidator, and did not prevent a company from incurring debts while insolvent.
Ms Hildebrand’s name has been added to ASIC’s banned and disqualified register. She has the right to appeal to the Administrative Reviews Tribunal for a review of the decision.
According to ASIC, Ms Hildebrand was an officer and director of Bill Butler Pty Ltd (in EXAD), an Australian credit licensee authorised to provide debt management services. She was also an officer and director of Sam Pos Pty Ltd (deregistered), a debt agreement administrator whose registration was cancelled by the Inspector-General in Bankruptcy in March 2023 due to non-compliance with the Bankruptcy Act 1966 and failure to meet the fit and proper person requirements, according to the Australian Financial Security Authority.
