Former GC sentenced after giving false or misleading information to ASIC

A former general counsel who admitted to giving false or misleading information to the corporate watchdog has been sentenced in the Brisbane Magistrates Court.

user iconEmma Musgrave 17 June 2019 Corporate Counsel
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Mary-Anne Greaves, from Mount Sheridan, Queensland, has been sentenced after earlier pleading guilty to one count of giving false or misleading information to ASIC.

In an update to the market, it was confirmed Ms Greaves was “discharged without proceeding to conviction upon giving security in the sum of $5,000 conditional that she be of good behaviour for a period of two years”.

“The sentence was delivered by Magistrate Ehric after discounting for matters in mitigation, including Ms Greaves giving cooperation in the prosecution of others. Magistrate Ehric indicated that a sentence of six months imprisonment with release forthwith would have been appropriate but for those matters,” a statement from ASIC explained. 

The matter involving Ms Greaves concerned her involvement in an investigation being conducted by ASIC into a takeover bid made in 2015 by G8 Education Limited for Affinity Education Group Limited.

The investigation included enquiries into alleged undisclosed arrangements between G8 Education and West Bridge Holdings Pty Ltd (West Bridge) for the acquisition of Affinity shares as part of the takeover bid, ASIC recounted. 

The charge of one court is understood to be related to Ms Greaves’ false denial on 2 June 2016, during an ASIC examination under oath, that she had not been provided information relating to the acquisition by West Bridge of Affinity shares at the time of the takeover bid by G8 Education.

“ASIC views seriously any attempt by individuals to compromise its investigations, including giving false or misleading information during examinations. ASIC will hold to account persons who seek to obstruct or hinder its investigations,” ASIC commissioner John Price said in a statement today.

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