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Austal Provides Update on ASIC Regulatory Investigation

25 Jun 2021  |  17:01:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update on ASIC Regulatory Investigation

Austal advised that the Company has received formal notification from the Australian Securities and Investment Commission (ASIC) that ASIC has concluded its investigation into potential criminal contraventions of the Corporations Act and had said that it will not take any criminal action against the Company. ASIC advised the Company that after investigating statements made by the Company in relation to the Company's financial performance between 1 January 2009 and 28 August 2017, it had decided it would not pursue criminal action against the company and would destroy copies of materials obtained during the investigation.

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