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Australian Securities and Investments Commission v Daly (Penalty Hearing) [2024] FCA 3

Australian Securities and Investments Commission v Daly (Penalty Hearing) [2024] FCA 3

CORPORATIONS — civil penalty proceedings — penalty phase — duties of officers of responsible entity of a registered managed investment scheme — where respondents found to have breached duties owed pursuant to s 601FD(1) and thereby breached s 601FD(3), a civil penalty provision, of the Corporations Act 2001 (Cth) — where three of four respondents (Submitting Respondents) did not contest liability and agreed relief with the regulator and one respondent did not — consideration of appropriate relief — consideration of application of parity principle as between Submitting Respondents on the first part and the respondent who contested liability on the other part

Original article available at: https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/single/2024/2024fca0003

For more information, see the original judgement.


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