The founder of adventure wear company Kathmandu has lodged an appeal after being found guilty of using an offshore company to hide the fact she controlled $14 million worth of shares in a baby formula company.
Jan Cameron was in December found guilty of buying the shares in Bellamy's in 2014 via an entity based on a Dutch Caribbean island and not disclosing the purchase as required to the Australian Securities Exchange.
She was also found to have submitted a misleading substantial shareholder notice in 2017 to the securities exchange in which she didn't list the interest.
Cameron's bid to have her scheduled March 28 sentencing delayed because of the appeal was rejected in Hobart Magistrates Court on Monday.
Cameron's lawyer James O'Shannessy told the court she had sought a review of the guilty finding in the Supreme Court and wanted to avoid potential duplication of proceedings.
Magistrate Michael Daly rejected the application, saying there was significant public interest in the finalisation of proceedings.
"Adjourning would bring the administration of justice into disrepute," he said.
Cameron, who didn't appear in court, previously pleaded not guilty in 2020 to one count of making a false or misleading statement and one count of failing to give information about substantial holdings.
In 2006 she was the fourth-richest woman in Australia after selling her 51 per cent share in Kathmandu for $247 million.
Cameron is expected to return to court for sentencing on March 28.
