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ATO punts $6.8m on Nuix
Neil ChenowethSenior writerAs Department of Finance head Jenny Wilkinson was issuing new guidelines last month for Commonwealth tenders to consider governance concerns, the Tax Office was doubling down on its commitment to troubled tech stock Nuix with a whopping $6.8 million contract extension.
Nuix and its board is facing civil action from ASIC over what the corporate regulator says was breaches of directors’ duties and continuous disclosure obligations. ASIC also has an insider trading investigation over shares traded by Nuix CEO Jonathan Rubinsztein announced publicly to the market in May of this year. Then there’s the class action over the 2020 prospectus.
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