SP1 southern cross payments ltd

Ann: Commences Federal Court Action against ASX, page-2268

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    A suggestion was made by Ms Button on Thursday that ISX may have sub-contracted services contained within particular agreements.

    The angle seems to be that ISX essentially booked someone else's (the subbie) revenue as their own in order to reach the performance milestone.

    I have no opinion as to the validity of that suggestion, and look forward to it being tested in court.
 
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