Former director of baby formula maker Bellamy's, Jan Cameron, has pleaded not guilty to criminal charges levelled at her by the corporate watchdog.
Cameron, 67, who also founded hiking gear retailer Katmandu, is accused of failing to lawfully disclose 14 million shares she owned in Bellamy's.
She owned the shares via Curacao-domiciled firm The Black Prince Foundation when Bellamy's went public in August 2014, the Australian Securities and Investments Commission alleges.
Cameron's alleged holding represented a 14.74 per cent stake in Bellamy's, almost triple the five per cent Corporations Act threshold that dictates when a person must lodge a substantial holder notice.
She is also accused of failing to properly disclose her true and complete relationship with Black Prince, and the basis upon which she held her interest in the Bellamy's shares.
Cameron pleaded not guilty in Hobart Magistrates Court on Friday to one charge of failing to give information about substantial holdings and another charge of making a false or misleading statement.
The matter is expected to return to court for a case management conference on August 26.
Cameron, who was charged in February, had previously been granted bail.