Babbage was jailed for three months in Western Australia for the crimes, as was his friend Hayden Burbank, owner of Melbourne bar and restaurant Morris Jones, who traveled with him.
The couple traveled from Melbourne to Darwin, where they forged vehicle, rental and bank documents to then be allowed into Perth as tourists in time to watch the AFL Grand Final.
Crowds line the streets of Melbourne for the AFL Grand Final parade
ASIC today released a statement saying it is “satisfied that Mr. Babbage lacks the honesty and integrity to participate in the financial services and credit industries.”
His 10-year ban began on March 11.
Mr Babbage was the director of Babbage Finance Pty Ltd until his imprisonment in October.
His fraud conviction also means he is disqualified from the management company for five years.