Original article by Sarah Danckert
The Australian – Page: 21 : 3-Dec-14

Federal Court of Australia judge Bernard Murphy has handed down the penalties for the board members of the failed Prime Retirement & Aged Care Property Trust, following a successful civil case by the Australian Securities & Investments Commission. The breaches of the Corporations Act have resulted in bans from acting as a company director of two years and three months for chair Michael Wooldridge, 15 years for Bill Lewski, and four years each for Kim Jaques and Mark Butler. Fines of between $A20,000 and $A230,000 per individual have also been imposed

CORPORATES
PRIME RETIREMENT AND AGED CARE PROPERTY TRUST, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, ASX LIMITED – ASX ASX, FEDERAL COURT OF AUSTRALIA, VISION EYE INSTITUTE LIMITED – ASX VEI, PLACES VICTORIA, AUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED – ASX API, MONASH UNIVERSITY, UNIVERSITY OF MELBOURNE