The ASA is an independent, not-for-profit, member-funded organisation that has grown to be the major autonomous body representing Australian retail investors. ASA also helps its members improve their investment knowledge through its educational offerings.
Standing up for shareholders.
The share register of TEN Network Holdings consists of approximately 17,000 retail shareholders. Amidst media reports about impending administration the ASA published a media release on 13 June 2017, raising a number of concerns. We were surprised that the TEN directors then chose to appoint voluntary administrators when the ASX announcement by the company on 14 June 2017 clearly set out the progress which had been made on a number of fronts
A critical point in the history of WES occurred soon after Richard Goyder’s appointment, with the acquisition of the Coles group (Coles, Target, K-mart and Officeworks), which it completed in November 2007 coinciding with the start of the GFC.
On 3 August 2017, Australia’s financial intelligence and regulatory agency, AUSTRAC, initiated civil penalty proceedings in the Federal Court against the Commonwealth Bank of Australia (CBA) for serious and systemic non-compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Act).
