The parent company of the firm that runs Australia’s offshore processing regime on Nauru has failed to lodge financial reports with the corporate regulator on time, in an apparent breach of corporations law.
The Australian Securities and Investments Commission has confirmed that it has registered a “report of misconduct” against Rard No 3, the Brisbane-based company that wholly owns Canstruct International, following the Guardian’s inquiries. The potential penalty for filing a report late is a fine of more than $25,000.
