Prosecutors lose challenge to time limit in criminal case against ME Bank

Chief Justice Debra Mortimer 2022-11-29 3:39 pm By Christine Caulfield

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Federal prosecutors pursuing a case against Members Equity have lost an appeal of a ruling that threw out half the charges against the direct bank as time barred, with an appeals court finding the ASIC Act imposes a hard deadline for bringing a criminal case of misleading or deceptive conduct.

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