TP20/081
The Panel has received an undertaking from WAM Active Limited not to read or tender parts of an affidavit and an exhibit to that affidavit in court proceedings containing information that the Panel considered to be subject to confidentiality undertakings given by WAM Active in Keybridge Capital Limited 04, 05 & 06 [2020] ATP 6.
The Panel takes confidentiality, and its associated obligations under sections 127 and 186 of the ASIC Act 2001 (Cth), seriously and is prepared to take appropriate enforcement actions. Accordingly, the Panel had retained solicitors and counsel and was ready to commence legal proceedings if WAM Active had not provided the undertaking voluntarily.
Allan Bulman
Director, Takeovers Panel
Level 16, 530 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3500
takeovers@takeovers.gov.au
