Murray Goulburn has agreed to a $650,000 settlement with the corporate regulator over suggestions it breached its continuous disclosure obligations.
The troubled dairy co-operative says the Australian Securities and Investments Commission will apply to the Federal Court seeking a declaration of one breach under the Corporations Act, with no suggestion of intent.
"We consider that this settlement is in the best interests of Murray Goulburn as we continue to focus on our objective of supporting our farmer suppliers," Murray Goulburn chairman John Spark said in a statement on Thursday.
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