ASIC Charges Jan Cameron, Former Director of Bellamy’s Australia

Janet Heather Cameron, 67, of Hobart, a former director of Bellamy’s Australia Limited (Bellamy’s), will appear before the Hobart Magistrates’ Court on criminal charges following an investigation by ASIC.

ASIC alleges that on or about 1 August 2014, when Bellamy’s became a listed company, Ms Cameron began – by herself and along with her associate The Black Prince Foundation (Black Prince), an entity domiciled in Curaçao – to have a substantial holding in a listed company through a holding of 14 million Bellamy’s shares. That holding represented 14.74% of Bellamy’s total issued capital and it is alleged that on or about 5 August 2014 Ms Cameron failed to disclose that interest as required.

ASIC also alleges that on or about 15 February 2017, Ms Cameron lodged with Bellamy’s an initial substantial holder notice that was misleading on the basis that it failed to properly disclose her true and complete relationship with Black Prince and the basis upon which she had an interest in 14 million Bellamy’s shares.

Ms Cameron has been charged with contravening sections 671B(1) and 1308(2) of the Corporations Act, with the charges listed for a mention hearing before the Hobart Magistrates’ Court on 12 March 2020.

The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.