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TerraCom Strikes $8.5M Deal to Settle ASIC Whistleblower Case—What’s Next?
1:35am on Monday 2nd of June, 2025 AEST
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Mining
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TerraCom Strikes $8.5M Deal to Settle ASIC Whistleblower Case—What’s Next?
1:35am on Monday 2nd of June, 2025 AEST
Key Points
TerraCom to pay $7.5 million civil penalty for admitted Corporations Act breach
Additional $1 million to cover ASIC’s legal costs
Settlement resolves ASIC’s 2023 Federal Court proceedings
Agreement subject to Federal Court approval
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