Has the company or director offered an enforceable undertaking to ASIC? We accept enforceable undertakings from directors and companies when we have reason to believe that they may have broken the law. In an enforceable undertaking, a company or a company director undertakes that they will stop the particular conduct or alleged breach and will not recommence the conduct. For example, a director may undertake to stop acting as a director or taking part in the management of a company for a certain time.
An enforceable undertaking indicates a past problem. It may now have been fixed, but if it's relevant to your interest in the company, you may wish to investigate further.
Copies of enforceable undertaking documents are available on our ASIC website.
TZL Price at posting:
92.3¢ Sentiment: Hold Disclosure: Held
