"At the heart of ASIC's claim is that about $2.1bn worth of debt on the two groups' balance sheets was incorrectly identified as "non-current" -- or not repayable for more than 12 months -- when, in fact, it was due in the coming year."
http://www.theaustralian.news.com.au/business/story/0,28124,26251679-643,00.html