The review Panel has affirmed the initial Panel’s decision to make a declaration of unacceptable circumstances in Southern Cross Media Group Limited (see TP23/37).

The review Panel proposes to seek further submissions from the parties on orders in the first week of January 2024.

The review Panel is Bruce Cowley, Richard Hunt (sitting President) and John McGlue.

The review Panel will publish its reasons for the decision in due course on its website.

The Panel has accepted undertakings from Mighty Kingdom Limited (Mighty Kingdom), Gamestar Studios Pty Ltd (Gamestar) and entities controlled by Mr Shane Yeend (Yeend Entities) (see annexures) and declined to make a declaration of unacceptable circumstances in response to an application dated 20 November 2023 from Mighty Kingdom in relation to its affairs (see TP23/035).

The President of the Panel previously made interim orders in response to a request from ARN Media Limited (ARN) in relation to a review of the Panel’s decision in Southern Cross Media Group Limited (Southern Cross) to make orders (see TP23/43).

In response to a request for additional interim orders by ASIC, the review Panel has made new interim orders (see Annexure A).

The Panel has received an application from ARN Media Limited seeking a review of the Panel’s decision in Southern Cross Media Group Limited to make orders (see TP23/42).

A review Panel has not been appointed and no decision has been made whether to conduct proceedings.  The Panel makes no comment on the merits of the application.

The Panel has made final orders (Annexure A) and accepted undertakings from Allan Gray Australia Pty Limited (Allan Gray) (Annexure B) in relation to an application dated 24 October 2023 by Keybridge Capital Limited in relation to the affairs of Southern Cross Media Group Limited (Southern Cross) (see TP23/32).

The Acting President of the Panel has consented to a request by Bell Rock Capital Management LLP (Bell Rock) to withdraw its review application to the Panel dated 23 November 2023, in relation to the affairs of Whitehaven Coal Limited (Whitehaven).

The Panel has accepted an undertaking from Gamestar Studios Pty Ltd (Gamestar), Imagination Entertainment Pty Ltd (Imagination) and their associates in relation to the application dated 20 November 2023 by Mighty Kingdom Limited (see TP23/035).

The Panel has received an application from ARN Media Limited seeking a review of the Panel’s decision in Southern Cross Media Group Limited to make a declaration of unacceptable circumstances (see TP23/37).

A review Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.

The Panel has received an application from Bell Rock Capital Management LLP (Bell Rock) seeking a review of the Panel’s decision in Whitehaven Coal Limited (see TP23/36).

A review Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings.  The Panel makes no comment on the merits of the application.