HIGHLIGHTS? Statement of Claim in the Federal Court against its...

HIGHLIGHTS

? Statement of Claim in the Federal Court against its former Managing Director, Mr Howard Renshaw and his controlled entity, Butmall Pty Ltd. The Statement of Claim pertains to the termination payments made to Renshaw of $677,333 in aggregate. The Statement of Claim provides that the payments made to Renshaw were in contravention of section 200B of the Corporations Act 2001 (Cth) because no shareholder approval for such payments was sought.