ASX company boss forced into COVID-19 hotel quarantine

After fleeing the madness of Melbourne, he will be detained in Queensland after losing permission to avoid isolation.

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A millionaire executive director of Simonds Group Ltd (ASX: SIO) will be forced to go into hotel quarantine after authorities revoked his exemption.

Mark Simonds, the son of founder Gary, escaped Melbourne's strict COVID-19 lockdown on 9 August with his family on their luxury super-yacht Lady Pamela.

They sailed towards the Gold Coast armed with an exemption from the Queensland government that they didn't have to quarantine on arrival.

But according to Nine, the family and their guest had stopped off multiple times in Victoria and NSW as it sailed up north.

Queensland Health confirmed to The Motley Fool that the exemption had now been withdrawn.

"Attempting to bypass or manipulate Queensland's border direction is unacceptable," stated Queensland Health.

"All seven people are now required to quarantine in a government approved hotel for 14 days at their own expense."

The Motley Fool has contacted Simonds Group for comment.

It is understood the exemption was originally granted with what is now known to be incomplete information.

Police reportedly took 7 people off the boat into a mini-van on Tuesday evening. The group included crew and Hannah Fox, the daughter of Linfox executive chair Peter Fox.

Simonds Group is an ASX-listed company with a market capitalisation of $51 million. The Simonds share price held steady at 36 cents before trading opened on Wednesday morning.

It operates Simonds Homes, a Melbourne residential construction brand founded in 1949 by Gary Simonds.

Mark ran the company privately with father Gary until its public listing in 2014. Mark Simonds holds a building licence in Victoria, NSW, Queensland and South Australia.

The company is now jointly run by Gary's grandson Rhett Simonds in a unique timeshare chief executive role with Kelvin Ryan.

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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