The head of Tasmania's Chamber of Commerce and Industry, Andrew Scobie, has confirmed he is a former bankrupt.
Mr Scobie was declared bankrupt in New South Wales in 2001 and his company was liquidated three years later.
Mr Scobie later confirmed to the ABC he was made bankrupt and his company liquidated after the Federal Government refused to pay $1 million contract.
He also confirmed he did not disclose this to the board when he was made a director of the chamber and still has not told members.
Mr Scobie is no longer a bankrupt and says he is built considerable personal wealth.