Corporate regulator ordered to pay costs to Corey and Prue Ireland
Corey and Prue Ireland will receive compensation after being found not guilty to one charge in the Sydney Downing Centre.
Former southern NSW cattle breeders Corey and Prue Ireland will each receive $12,500 in costs from the Australian Securities and Investments Commission after a decision in the Sydney Downing Centre on Monday.
On Monday, Mr and Mrs Ireland were excused from attending the Sydney Downing Centre.
During proceedings, Magistrate E Manea ordered that ASIC pay costs in the amount of $12,500 each to Corey Dean Ireland and Prudence Jane Ireland on or before April 3, 2023.
Mr and Mrs Ireland were principals of the former Ireland’s Angus cattle stud that was based at Kyeamba south of Wagga Wagga.
They had both pleaded not guilty to the charge of not delivering books to the receiver in June last year.
Liquidation of their business resulted after court action on November 14, 2019, from petitioning creditor East Coast Stockfeeds.
Meanwhile, there has been additional court action instigated by the Rural Crime Investigation Unit in NSW.
Police raided the Ireland’s Angus cattle property, formerly owned by the Irelands, on December 17, 2019 during Strike Force Seger.
Police at the time seized computers, documentation and cattle.
The matter is listed in Wagga Wagga Local Court on March 15 for further mention (committal).
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