Australia’s corporate regulator, ASIC, is suing former Super Retail Group chief executive Anthony Heraghty. The regulator alleges that Heraghty had an undisclosed relationship with a senior executive at the company.
According to reporting, ASIC claims Heraghty misleads both the company board and the market regarding the nature of that relationship. The suit relates to whether Heraghty’s conduct breached Australian financial services and corporate law obligations, including those connected to disclosure and honesty in dealings with key stakeholders.
The outlets agree on the core allegations: ASIC brings legal action against Heraghty in connection with an alleged failure to disclose the relationship properly. They also both identify Super Retail Group as the parent company of retail brands including Supercheap Auto, BCF, and Rebel Sport. Details of the relationship and the full legal claims are not fully specified in the available excerpts, reflecting differences in how each outlet summarizes the case so far.
