The Courier-Mail

No action from ASIC

- Coca-Cola Company · Australian Securities and Investments Commission · Coca-Cola Amatil

THE cor­po­rate watch­dog will take no action against for­mer AMP chair Cather­ine Bren­ner over the fees-for-no-ser­vice scan­dal that erupted in the fi­nan­cial ser­vices royal com­mis­sion.

Ms Bren­ner has re­vealed she re­ceived a “no action let­ter” from the Aus­tralian Se­cu­ri­ties and In­vest­ments Com­mis­sion yes­ter­day.

“I was al­ways con­fi­dent that any­one in my po­si­tion would have con­ducted them­selves in the same way I did,” she said.

“But it’s par­tic­u­larly pleas­ing to have had that con­firmed to­day.” Ms Bren­ner re­signed in April 2018, three days af­ter se­nior coun­sel as­sist­ing Rowena Orr told com­mis­sioner Ken Hayne the ev­i­dence showed AMP had no re­spect for com­pli­ance, and showed a will­ing­ness by ex­ec­u­tives and di­rec­tors to deal with ASIC in a man­ner that could be seen as a de­lib­er­ate at­tempt to mis­lead.

Ms Bren­ner also stepped down as a di­rec­tor of Bo­ral and Coca-Cola Amatil af­ter giv­ing up the AMP chair.

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