ASIC asks High Court to clarify meaning of ‘officer’

Corporate 2019-01-16 9:58 pm By Miklos Bolza | Sydney

ASIC is seeking approval from the High Court to appeal a judgment that let a former director of Gold Coast finance company MFS Group partially off the hook for $147.5 million in misappropriated funds, saying the High Court needs to clarify the scope of the word “officer” under the Corporations Act.