ASIC v ANZ Banking Group (continuous disclosure)
civil penalty19 Dec 2024Penalty $500.00M
Respondent
Australia and New Zealand Banking Group Limited
Facts
ANZ admitted to continuous disclosure contraventions in connection with a 2015 institutional share placement, including failure to disclose that a substantial parcel of the placement was acquired by the underwriters.
Outcome
Federal Court approved a $500,000 penalty per breach with cumulative penalties of $50 million.
Read the source
https://asic.gov.au/about-asic/news-centre/find-a-media-release/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.