Australian Securities and Investments Commission
I Seek Documents Showing Asic’s Total Expenditure For Its Investigation And Legal Action Regarding G8 Education Ltd, Stemming From Its Initial Investigation Of The Attempted Takeover By G8 Education…
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I Seek Documents Showing Asic’s Total Expenditure For Its Investigation And Legal Action Regarding G8 Education Ltd, Stemming From Its Initial Investigation Of The Attempted Takeover By G8 Education Of Affinity Education In 2015. For Sake Of Clarity, The Documents Would Involve The Investigation And Legal Action Involving Jennifer Joan Hutson (25-044mr), David Burke (25-045mr), And Mary-Anne Greaves (19-141mr).
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ASIC's investigation and enforcement action against G8 Education Limited and three individuals—Jennifer Joan Hutson, David Justin Burke, and Mary-Anne Greaves—stemming from G8's attempted 2015 takeover of Affinity Education cost $2,042,554 over approximately nine and a half years (November 2015 to March 2025). Staff costs totalled $984,180 while supplier costs, including external solicitors, expert witnesses, legal services, and forensic investigation, reached $1,058,374. The disclosure provides aggregate expenditure figures only without detailing specific investigation outcomes, enforcement actions taken, or regulatory penalties imposed.
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