13 December 2019

In late May 2019, ASIC published a media release about Federal Court Proceedings concerning Vocation Ltd and its directors, including former Australian Treasurer, John Dawkins AO.

The headline of that release, if read in isolation from the balance of the statement, may have incorrectly conveyed to a reader that the officers of Vocation Limited (in liquidation), including Mr Dawkins AO, were found to have made misleading statements to the market. No such findings were made by the Court and ASIC did not intend to suggest otherwise. After communications between Mr Dawkins AO’s lawyers and ASIC, a corrected release was subsequently published by ASIC on 5 June 2019.

ASIC apologises to John Dawkins AO and his family for any distress caused to them by the publication of the initial media release.