The Court found that the Company contravened section 674(2) of the Corporations Act 2001 related to continuous disclosure and section 1041H of the Corporations Act 2001 and section 12DA of the ASIC Act 2001 related to misleading and deceptive conduct.
The Court also found that Mr Hunter, Mr Macdonald and Mr Eagle were knowingly involved in some of the Company’s continuous disclosure contraventions and thereby contravened section 674(2A) of the Corporations Act 2001 and breached their director duties under section 180(1) of the Corporations Act 2001.
Mr Hunter and Mr Macdonald were also found to have contravened section 1041H of the Corporations Act 2001 and section 12DA of the ASIC Act 2001 related to misleading and deceptive conduct.