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28 September 2023 - ASIC Fined $700,000
ASIC obtains over $700,000 in penalties for financial reporting failures
Between 1 January 2023 and 30 June 2023, ASIC prosecuted 36 companies and secured over $700,000 in penalties for failing to lodge financial reports, hold annual general meetings (AGMs) and to maintain the required number of directors and resident directors.