Asic takes action against two former Tennis Australia directors

Corporate regulator says Harold Mitchell and Stephen Healy awarded Seven Network the Australia Open broadcast rights without competitive tender process

The corporate regulator has begun civil action against two former directors of Tennis Australia for awarding television broadcast rights for the Australian Open to the Seven Network without a competitive tender process.

The Australian Securities and Investments Commission has issued civil penalty proceedings in the federal court against Harold Mitchell and Stephen Healy.

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from The Guardian https://ift.tt/2OQxP3P
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