SPI Property directors fined over reporting breaches

Wed, 29 Apr 2015

By Paul McBeth April 30 (BusinessDesk) - SPI Property Fund directors Murray Alcock and Allister Knight have each been fined $25,312 for failing to file audited financial statements for several years. Alcock and Knight pleaded guilty to breaching the Financial Reporting Act last November by not filing statements to the Registrar of Companies for the 2011, 2012 and 2013 years, the FInancial Markets Authority said in a statement. The pair faced a maximum penalty of $100,000. "We expect companies that offer securities to file their financi...

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