Semantic is a research and development company specialising in artificial intelligence technology.
The regulator has applied to the New South Wales Supreme Court to appoint provisional liquidators to investigate the company’s affairs and decide whether it should be wound up or not.
ASIC alleges that Semantic may be insolvent or is likely to be insolvent. It also alleges the company failed to lodge financial statements with ASIC, hold annual general meetings and keep accurate financial records and minute books.
The regulator also alleged Semantic issued shares without compliance and has issued shares to investors with a share buy-back guarantee in circumstances where the company did not have sufficient funds to meet that obligation.
Pregnant girlfriend of man accused of keeping sex slave James Davis wants him home for birth dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
Disgraced former NRL star Jarryd Hayne has had apples hurled at him by inmates a week after the convicted rapist was jailed.
Hayne, 33, remains holed up in Parklea Jail s maximum security wing as he undergoes a mandatory 14-day Covid-19 isolation period after he was recently sentenced to five years and nine months for raping a young woman in Newcastle in 2018.
Inmates at the western Sydney jail spotted the high-profile prisoner when he was moved from a medical clinic to a prison yard on Friday.
The fruit pelted through the steel mesh fence separating Hayne from the general prison population missed the intended target, a prison source told the Daily Telegraph.
Drug addict who cut off father s penis and dismembered his body jailed 22 years
Meth junkie Khanh Xuan Pham brutally murdered Goran Stefanovic in 2019
Pham stabbed to death Stefanovic before skinning and mutilating his corpse
40-year-old cut father into pieces and left tissue and bones in shopping bags
Pham s mother found Stefanovic s remains in shower several days later
Veteran Australian Reporter Testifies In Blackmail Trial
Veteran Australian Reporter Testifies In Blackmail Trial
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SYDNEY, Australia When a veteran investigative journalist approached another television reporter with information about a mega tax fraud story that was already breaking his “eyes lit up,” a jury has heard.
“Beauty,” A Current affairs reporter Brady Halls said, giving evidence in the New South Wales Supreme Court on April 28 about one encounter he had with Stephen Barrett in his newsroom in May 2017.
Barrett, 63, has pleaded not guilty of acting in a joint criminal enterprise to blackmail the masterminds of an alleged AUD 105 million ($81.72 million) tax fraud scheme.