June 30 (Reuters) - Insurance Australia Group Ltd (IAG) :
- ASIC CIVIL PENALTY FEDERAL COURT JUDGMENT
- IAG WILL ALSO CONTACT RELEVANT CUSTOMERS WITH OUTCOME OF PROCEEDINGS, IN LINE WITH FEDERAL COURT JUDGMENT
- ACKNOWLEDGES FEDERAL COURT OF AUSTRALIA'S DECISION TODAY TO IMPOSE CIVIL PENALTY OF A$40 MILLION PLUS COSTS ON CO
- HAS ISSUED REFUNDS TO 99% OF IMPACTED CUSTOMERS, WITH REMAINING REFUNDS EXPECTED TO BE ISSUED OVER NEXT TWO MONTHS
- CIVIL PENALTY FOR CONTRAVENTIONS OF ASIC ACT AND CORPORATIONS ACT
- A$186 MILLION CUSTOMER REFUND PROVISION THAT CO REPORTED IN FY STATEMENTS TO 31 DEC 2022 IS SUFFICIENT TO PROVIDE FOR PENALTY AMOUNT
News: IAG Insurance Australia Group Acknowledges Federal Court Of Australia's Decision
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Last
$8.77 |
Change
-0.020(0.23%) |
Mkt cap ! $20.74B | |||
| Open | High | Low | Value | Volume |
| $8.78 | $8.78 | $8.71 | $30.93M | 3.529M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2824 | $8.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.78 | 34908 | 3 |
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| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| IAG (ASX) Chart |