March 7 (Reuters) - Australia's ASIC:
- IDP EDUCATION ADJUSTS CONTINGENT LIABILITY DISCLOSURE FOLLOWING ASIC REVIEW
- RAISED CONCERNS IDP’S ESTIMATE AT 30 JUNE WAS INSUFFICIENT, AS IT INCLUDED AMOUNTS ONLY WHERE FORMAL REVIEW BY STATE TAX AUTHORITIES COMMENCED
- IDP’S ESTIMATE OF CONTINGENT LIABILITY IS NOW A$35 MILLION , UP FROM A$23 MILLION AT 30 JUNE 2022
- ASIC WAS CONCERNED THAT IDP’S TOTAL CONTINGENT LIABILITY DID NOT INCLUDE ADDITIONAL UNPAID GST AMOUNTS
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News: IEL Australia's ASIC Says IDP Education Adjusts Contingent Liability Disclosure After Its...
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