White Fox Boutique, owned by Daniel and Georgia Contos, has been singled out by ASIC as one of 12 major companies fined for failing to lodge financial reports on time, with White Fox among three still yet to file.
The regulator’s list also includes the Paspaley pearl group, Global Retail Brands, Bob Jane Corporation and other well-known retail names.
Paspaley have since lodged results revealing $388 million in revenue and a $28 million profit for the 2024 financial year.
ASIC says late filing doesn’t imply wrongdoing but stresses large companies must meet basic reporting obligations.
Commissioner Kate O’Rourke said she was concerned by the volume of major firms missing deadlines. ASIC reviewed 217 companies over two years, issuing $2.2 million in fines.
Other companies named include Aje, Frank Green Holdings, Outdoor Supacentre, Grill’d and Bing Lee.
Source: The Australian.
