Murray Goulburn settles with ASIC

Embattled dairy processor Murray Goulburn has admitted breaching its continuous disclosure obligations as part of a court settlement with the corporate watchdog.

On Thursday Murray Goulburn said it had agreed to pay a $650,000 penalty under a deal with the Australian Securities and Investments Commission (ASIC) over its behaviour in the lead-up to last year’s profit downgrade and cut in milk prices paid to farmers

See full article – SMH



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