The corporate regulator is taking the collapsed airline and four of its directors - including former transport minister John Sharp - to court, accusing it of misleading the market with their profit guidance.
The corporate regulator is suing collapsed airline Regional Express, accusing it of misleading the market.
“Our case will allege serious governance failures at Rex. Rex’s directors had a responsibility to take reasonable steps to ensure the company complied with the law, and we will seek to hold them to account,” ASIC chair Joe Longo said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal politics live: Government offers Regional Express $80m lifeline to keep regional routes runningRegional Express has been offered an $80 million in financing to keep regional routes running after the nation's third-largest carrier entered voluntary administration in July.
Read more »
ASIC to take action against Cbus Super over delayed death and disability paymentsASIC will take action against Cbus Super over the delayed payments of death and disability benefits to around 10,000 members.
Read more »
ASIC puts super funds 'on notice', says delays to death and disability claims are 'widespread'ASIC says it has done a thorough investigation into all super funds in the country and more court action is likely.
Read more »
ASIC sues NAB for ‘failing’ customers facing financial hardshipThe corporate regulator is suing National Australia Bank and seeking hefty fines over allegations it failed more than 300 customers, including domestic violence victims and the chronically ill, at their most vulnerable time.
Read more »
ASIC sues NAB for ‘failing’ customers facing financial hardshipThe corporate regulator is suing National Australia Bank and seeking hefty fines over allegations it failed more than 300 customers, including domestic violence victims and the chronically ill, at their most vulnerable time.
Read more »
NAB sued by ASIC for failures in financial hardship claims, hundreds of customers affectedThe corporate regulator alleges NAB did not respond to 345 hardship applications within the legal time frame. NAB has apologised and says it's changed its approach.
Read more »