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 AnCaps Good News: No accounts, no worries: OZschwitz companies thumb nose at ASIC

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RR Phantom

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AnCaps Good News: No accounts, no worries: OZschwitz companies thumb nose at ASIC Vide
PostSubject: AnCaps Good News: No accounts, no worries: OZschwitz companies thumb nose at ASIC    AnCaps Good News: No accounts, no worries: OZschwitz companies thumb nose at ASIC Icon_minitimeThu Mar 22, 2012 3:46 am
Serco Australia, the company which incarcerates refugees on behalf of the Commonwealth, enjoyed a tidy doubling in profits to $40 million the year before last.

Yet despite its billion-dollar detention centre deal with the government, Serco can't manage to comply with the Corporations Act and file its accounts on time. And this is the local arm of a top 100 company listed on the London Stock Exchange.

List of multinationals that ignore reporting laws

Following revelations earlier this week that financial accounts for companies owned by billionaires Clive Palmer and Gina Rinehart are missing, a BusinessDay investigation shows a raft of multinational companies with large government contracts have also failed to file their financial reports.

Read more: http://www.smh.com.au/business/no-accounts-no-worries-companies-thumb-nose-at-asic-20120322-1vllq.html#ixzz1ppUyTpb2
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