ASIC seeks A$1.3m fine and eight-year ban for former Star CEO
ASIC asked the Federal Court to impose an A$1.3 million fine and an eight-year director ban on former Star Entertainment chief executive Matt Bekier. Bekier’s lawyers argued for an 18-month ban, while the court had already found in March that he breached his duties; the penalty decision remains pending, according to the report.
The court’s penalty decision could set consequences for senior casino executives found to have breached director duties.