Criminal Charges Laid Against Allianz and AWP Alleging the Making of False Statements
ASIC alleges that between 2016 and 2018,
In some instances, ASIC alleges that
The criminal charges allege that
*
* if the court can determine the total value of the benefits that have been obtained and are reasonably attributable to the commission of the offence, three times that total value; or
* if the court cannot determine the total value of those benefits, 10% of the body corporate's annual turnover during the 12-month period ending at the end of the month in which the body corporate committed, or began committing, the offence.
Both companies appeared today at the Downing Centre Local Court in
The Commonwealth Director of Public Prosecutions is prosecuting the matter after a referral from ASIC.
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