Defending allegations with solicitors and mid range or top barristers is costly. It may result in serious penalties if the company and/or its officer(s) are found guilty, not that we wish to get ahead of ourselves.
I don't know what court delays are like in NSW - probably not as bad as mismanaged Victoria. This matter may not yet have an agreed court date as the company is silent about this in its release to the ASX.
LAU ought keep shareholders informed of significant developments.
The NVHR doesn't seem to have issued a media release but here's what it's just done to another road transport operator (which didn't involve a fatality):NHVR grounds fleet due to safety concerns
13-11-2020The National Heavy Vehicle Regulator (NHVR) has today issued a prohibition notice to Melbourne-based Sidhu Investments (QLD) Pty Ltd*, trading as Auswide Linehaul Services, following an investigation by the NHVR into safety standards.
NHVR CEO Sal Petroccitto said that the notice would ground the company’s entire fleet.
“Our number one priority is safety – for drivers and for other road users – and getting these vehicles off the road is the only way to respond to this serious safety risk,” Mr Petroccitto said.
“The NHVR will not hesitate to ground fleets that put their employees and the broader community in danger.”
The notice, issued under s 576A of the Heavy Vehicle National Law (HVNL), orders the company to cease operating until it has implemented controls in fatigue management and training, fitness for duty, non-conformance management, incident management, vehicle safety and due diligence.
This course of action comes following a number of incidents involving the company in recent months. These include a vehicle rollover on 1 November 2020 and a near-miss head-on collision between two heavy vehicles on 17 September 2020.
NHVR officers entered the company’s premises in September 2020 as part of an ongoing safety standards investigation into a number of companies. The NHVR is in the advanced stages of investigations of other companies with similar safety concerns.
*ACN 614 456 012
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