Regulatory Alerts2026-03-05
Federal Court finds two Star Entertainment senior executives breached duties
ASIC announced that the Federal Court found former Star Entertainment Group executives Matthias Bekier and Paula Martin breached their duties under the Corporations Act 2001 regarding money laundering risks and misleading statements to National Australia Bank. The Court dismissed the case against seven former non-executive directors, finding they did not breach their duties, while acknowledging prior penalties imposed on two other former executives. ASIC will seek financial penalties and director disqualifications for Bekier and Martin during the upcoming penalty phase of the proceedings.
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