email from ASIC:
XPD Soccer Gear GroupLimited ACN 169 695 283
We referto your correspondence dated 12 November 2020 in relation toXPD Soccer Gear Group Limited ACN 169 695 283 (XPD). You raised concerns thatXPD has not held an AGM in the required time following the end of its mostrecent financial year.
ASIC'sdecision
Thank youfor bringing this matter to ASIC's attention. We have now referred the issuesyou have raised to a specialist team within ASIC for further consideration.
Thespecialist team will contact you to confirm it has received your report.
Pleasenote, however, that ASIC does not comment on operational matters. We maycomment publicly on investigations and enforcement actions if it is the publicinterest to do so.
For further information about ASIC's policy in this regard, weencourage you to read Information Sheet 152 PublicComment as well as Information Sheet 151 ASIC'sapproach to enforcement.
In itsconsideration of the matter, ASIC must first determine whether there is abreach of the provisions of the legislation that it administers. If a breachhas occurred, ASIC will consider what regulatory action is available, and what,if any, action is appropriate.
ASIC'sdecision to act will be influenced by whether there is evidence of systemicconcerns, and whether it is in the public interest to act, after theconsideration of all relevant concerns.
Yourprivate rights
While weappreciate that you have a personal interest in whether ASIC takes action, as aregulatory authority ASIC does not act for individuals and does not generallytake action to recover funds for individuals.
If youwant to know more about what action may be available to you privately, youshould consider seeking your own professional advice.
Yourssincerely
