John Collinson could be kicked out of his own company after losing a legal battle to stop a vote on his future.
More than 7000 customers remain out of pocket, Comcom says.
The SFO alleges Smith stole about $270,000 from two companies.
Greymouth Petroleum's judicial review proceedings lasted four days.
Commission given leave to appeal High Court injunction decision.
The liquidator says the court erred in applying a discount of two-thirds to the compensation awarded.
Lawyers say enforceable undertaking is out of step with Hayne royal commission.
Case follows worker's paralysis in forklift accident
Salaries in the industry have remained flat despite demand for quality personnel.
Requests for information from overseas tax authorities should be more detailed.