The Panel, Ewen Crouch AM (sitting President), Ian Jackman SC and Anthony Sweetman declined to make a declaration of unacceptable circumstances in relation to the affairs of Celamin Holdings NL. The application concerned whether a 15 for 4 renounceable rights issue partially sub-underwritten by two substantial shareholders would have an unacceptable control effect. The Panel decided not to make a declaration in light of Celamin amending aspects of the rights issue and making additional disclosure.

The Panel, Richard Hunt, Robert Sultan (sitting President) and Heather Zampatti, declined to make a declaration of unacceptable circumstances in relation to the affairs of Moreton Resources Limited after accepting an undertaking by Moreton. The application primarily concerned whether the terms of funding arrangements between Moreton and Twinkle Woods Limited included unacceptable lock-up devices and whether disclosure regarding the identity of Twinkle Woods was adequate.

The Panel, Geoff Brunsdon, Stephanie Daveson and John Fast (sitting President), made a declaration of unacceptable circumstances in relation to the affairs of STI-Global Limited. The Panel declared that a proxy arrangement and share sale agreement between Kevin Reichelt, Redheart Investments Pty Ltd, Donald Searle and RIQ Pty Ltd gave rise to unacceptable circumstances and cancelled them.