The regulator wrote to the competition watchdog requesting a “a better understanding” of the probe into ticket sales on cancelled flights, emails reveal.
Already a subscriber?The market regulator, prompted by the fall in the airline’s shares, wrote to the Australian Competition and Consumer Commission to determine the timeline behind its investigation of Qantas – and whether directors or executives had knowledge of it.
“ASIC is considering the recent fall in the share price of Qantas following a series of media articles and announcements, including the ACCC’s commencement of proceedings,” the regulator wrote, referring to the action brought over the sale of flights which had already been cancelled,The disclosure of ASIC’s inquiries comes as the Qantas board considers whether to pay Mr Joyce lucrative bonuses that he accrued before leaving the airline.
A Qantas spokesman has previously said “the first time this issue crystallised into legal action was when it was announced by the ACCC on August 31”.Sources close to discussions between the airline and the regulator said it was unlikely that the inquiries would proceed into a full investigation.
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.
ASX 200 LIVE: ASX to fall, Wall St hovers near record highsAustralian shares are set to open down, tracking losses in Europe. Iron ore slides. S&P 500 edges higher. Follow updates here.
Read more »
ASX 200 LIVE: ASX to fall, Apple resets record highAustralian shares are set to extend their losses. BHP and Rio drop. Apple leaps 7.3pc to record high. China and US price data next. Follow updates here.
Read more »
ASX 200 LIVE: ASX to fall, Nasdaq and S&P 500 extend advancesShares flat. Telix scraps US IPO. Bank of Japan ahead. S&P 500 hits record high. Citi upgrades copper. Trump says he wants to trim US corp taxes. Follow here.
Read more »
ASX 200 LIVE: ASX to rise, Reserve Bank decision awaitedShares are set to open higher; S&P 500 resets record close for 30th time in 2024; Reserve Bank cash rate decision at 2:30pm AEST. Follow here for more updates.
Read more »
ASX 200 LIVE: ASX to slip, Nvidia takes market-cap crownAustralian shares are set to open modestly lower. Nvidia extended its rally, surpassing Microsoft. Traders fade RBA rate bets. Follow updates here.
Read more »
ASX 200 LIVE: ASX to slip, Bank of England policy meeting in focusAustralian shares are set for a weak open. Nvidia expected to help extend S&P 500 rally. NZ will release GDP data at 8.45am. Follow updates here.
Read more »