I would think a stern warning with a hefty penalty will be issued by the ASIC.
BIG will now need to employ a top notch governance officer to look after all continuous disclosure and lodgment matters immediately.
BIG could finish its agreement with First Class Capital on 1/1/2019, and stand on its own feet with financing its customers. If so required, have a capital raising.
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I would think a stern warning with a hefty penalty will be...
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