AVZ avz minerals limited

Ann: Continuation of Suspension from Quotation, page-47

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    “Alternatively, if ASIC has reasonable grounds to suspect a breach it may, by administrative action, issue an infringement notice imposing a penalty of up to $100,000. The entity may also be liable to pay damages to any person who suffers loss or damage as a result of the breach.”

    The fine probably wouldn’t bother AVZ much, however if their lack of disclosure has affected others they may have a case for compensation.

 
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