July 14, 2016 BY Valentina Kirilova
Federal court overturns ASIC case against Prime Trust directors
In an expensive rebuff for the corporate regulator, the Full Court of the Federal Court has overturned findings of liability and penalties against former federal health minister Michael Wooldridge and other directors of the collapsed investment company Prime Retirement and Aged Care Property Trust (Prime Trust). The complex case centred not on the 2010 collapse itself…
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