Open4Sale directors can't rely on company funds to pay $2.8M penalties

Open4Sale directors can’t rely on company funds to pay $2.8M penalties

ASIC 2025-11-11 11:07 pm By Christine Caulfield

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Penalties imposed for disclosure breaches will hit two directors of e-commerce firm Open4Sale where it hurts, after a court on Tuesday barred the pair from having recourse to any indemnity by the company.

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