annual report, page-8

http://www.companydirectors.com.au/Media/Company+Director/2006/February/asic+report+-+declaring+your+interests+to+the+market.htm


You are personally responsible for notifying your interest within five business days under the ASX’s Listing Rules and within 14 days under the Law after:

• You are appointed as a director
• Your company is listed
• Your interests change
• You are no longer a director.

When we detect late or non-lodgement, we will take appropriate action. We will:

• Look to see if there is any associated failure to disclose price sensitive information or any insider trading, and
• Check that directors of newly listed companies are aware of and comply with their obligations.

We will ask why the notice was not lodged and, if there is evidence of misconduct, we will intervene. We will prosecute directors who flout their obligations to inform investors of changes to their holdings for contraventions of s205G. If there is any evidence of insider trading, we will not hesitate to take civil or criminal action against the director concerned.