Sheffield Insurance directors Phillip Bird and Daniel Holmes have been charged over alleged failures to lodge the WA brokerage’s financial accounts over a five-year period. 

“As the holder of an Australian financial services licence, Sheffield is required to lodge the financial statements with ASIC within three months of the end of the relevant financial year,” the Australian Securities and Investments Commission said.

“ASIC alleges that, as directors of Sheffield, Mr Bird and Mr Holmes were responsible for the failure by Sheffield to lodge its profit and loss statement and balance sheet and auditor’s report for each financial year from 2019 to 2024.”

The directors appeared at Perth Magistrates’ Court earlier this month and their legal representatives requested the matter be adjourned to November 21. 

The case is being prosecuted by the Commonwealth director of public prosecutions after a referral from the commission.