Last mentioned: 3d ago
Court Dismissal
Federal Court dismisses ASIC's case against the directors, citing insufficient evidence of personal breach.
ASIC Warning
ASIC Chair Joe Longo issues a statement placing all corporate boards 'on notice' regarding diligence standards.
License Suspension
Star's casino licenses remain suspended or under management as remediation continues.
ASIC Proceedings Launched
ASIC initiates civil penalty proceedings against 11 directors for breach of duty.
Bell Inquiry Report
Star Entertainment found unfit to hold a casino license in NSW due to systemic failures.
The Federal Court has dismissed ASIC’s civil penalty proceedings against former directors of Star Entertainment Group, marking a significant legal setback for the regulator. However, ASIC maintains the case has clarified the high standards of diligence expected of corporate boards, effectively placing directors across Australia on notice.