ASIC response: DJs Zahra may stage a comeback

Response to Sydney Morning Herald article, 'DJs' Zahra may stage a comeback’ by Adele Ferguson, page 32

11 February 2014
Letters to editor
'Sydney Morning Herald'
Delivery by email: letters@smh.com.au

Adele Ferguson's statement that 'ASIC concluded there was no wrongdoing' ('DJs' Zahra may stage a comeback', February 11) is incorrect.

ASIC has stated publicly that the no further action letter issued to David Jones is just that. It is not an exoneration. It is not a clean bill of health and it is not ASIC's tick of approval.

A no further action letter is an acknowledgement that at a point in time, there is insufficient evidence to take the particular matter further. And in these letters we spell out that if new evidence comes to light, the matter may be re-opened.

John Price, Commissioner, Australian Securities and Investments Commission
This letter was not published.