And what about the CBA cap on the number of players? Oh wait...Ross Xenos is there to advise them on that. Tim North, Rob Clarke and Ross Xenos. That’s a very useful trio to have on your side.
TIF - I asked ASIC whether their investigation had closed. They replied saying,
“ASIC has concluded all enquiries that were commenced as a result of matters before the Senate Committee and there are no ongoing investigations.”
When I asked what the outcome was, the reply was,
“As you are aware, the Australian Securities and Investments Commission (ASIC) has been conducting an investigation into the conduct of the affairs of Melbourne Rebels Rugby Union Pty Ltd (formerly Melbourne Rebels Rugby Union Ltd) ACN 140 597 066 during the period 1 January 2014 to 31 August 2016.
ASIC has concluded its investigation. Following its investigation, ASIC has concluded that there is insufficient evidence to establish to a court that there has been a breach of the law.
ASIC may recommence its investigation, or commence enforcement action, if circumstances change, for example, if new information becomes available.”