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Deal or related-party deal? How disclosures differ

Liam WalshReporter

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Mirvac’s development in Melbourne, the Eastbourne, boasts million-dollar apartments in an “inner city Eden”. Buyers of the apartments - which boast concierge and specially crafted door-handles and tapware -  include Mirvac director Elana Rubin.

Ms Rubin splashed out $1.89 million for her apartment. Her purchase was one that investors would not be told about in any Mirvac annual report, raising questions about the company's adherence to related-party disclosure requirements.

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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/wealth/investing/deal-or-related-party-deal-how-disclosures-differ-20190919-p52szh