The corporate watchdog has thrown the book at 140 failed company officers in three months landing them with fines and costs totalling more than $337,000.
Complaints from the public and business people resulted in prosecutions for 269 breaches of the Corporations Act.
ASIC clamped down on stubborn company officers who did not help liquidators in the administration of their failed companies. The businesses varied in type and included financial services.
It also prosecuted companies that failed to update ASIC registers with their details in an attempt to hide from creditors.
"The requirements of company officers are important and necessary to protect the interests of individuals, small businesses and creditors," ASIC consumer protection executive director Greg Tanzer said.
"The failure of directors to fulfil their responsibilities generally hurts creditors that have dealt with the company which is why we pursue company directors who don't do the right thing."
These matters were prosecuted summarily before local and magistrates courts across Australia. A list of those prosecuted is available on the ASIC website.
Two company directors could face up to 10 years behind bars and $50,000 in fines after the corporate watchdog's first successful prosecution of share warehousing in Australia.
Stuart Corp, of Subiaco in Perth, and Brian Smith, of East Perth, were found guilty in the District Court of Western Australia of 29 charges.
The pair will be sentenced on Thursday.
