Raven
ASIC know, full well ,that this issue has the potential to open up a can of worms for the future regulatory supervision of a Responsible Entity. For example any RE could divest their responsibilities, in a compromised financial position, at a moment's notice, for one lousy dollar , without a vote by shareholders ( the owners of a company ) and then make a deal with a related entity , that could be financially advantageous to both entities , because mysteriously there just may be a disinclination of the related party to take any legal action against the original RE for malfeasance and the other entity is making a motza on fees . We have very serious ramifications for investors in RE if ASIC lose this case ( which i do not think is going to happen) . Or even if the legal outcome results in your hypothesis. As stated i prefer to wait for a legal ruling by the High Court before jumping to conclusions on a complex legal determination .
Of course .these are just general ramblings by my Alzheimer riddled brain, and i am not referring to any specific individual or company in these matters.
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