Former Chair of G8 Education Limited Committed to Stand Trial


The Industry Spread is a news and information site built for the global trading industry. The site provides industry news focusing on technology, global regulation, company news and the latest people moves .


Former Chair of G8 Education Limited Committed to Stand Trial

July 31, 2020

ASIC - Stand Trial Jennifer Joan Hutson, of Red Hill, Queensland, has been committed to stand trial on 29 charges after a committal hearing before the Brisbane Magistrates’ Court.

The charges were brought by ASIC following an investigation into a 2015 takeover bid by G8 Education Limited (G8 Education), of which Ms Hutson was the former chair, for ASX-listed Affinity Education Group Limited (Affinity) (18-094MR).

Ms Hutson has been charged with:

  • one charge of dishonestly failing to exercise her powers and discharge her duties as a director under section 184(1) of the Corporations Act (maximum sentence of imprisonment of five years);
  • two charges of dishonest use of her position as a director under section 184(2) of the Corporations Act (maximum sentence of imprisonment of five years);
  • nine charges of authorising the giving of false or misleading information to an operator of a financial market (maximum sentence of imprisonment of 5 years);
  • two charges of attempting to pervert the course of justice under section 43 of the Crimes Act (maximum sentence of imprisonment of ten years); and
  • fifteen charges of giving false or misleading information under section 64 of the ASIC Act (maximum sentence of imprisonment of two years).

ASIC’s investigation included enquiries into alleged undisclosed arrangements between G8 Education and West Bridge Holdings Pty Ltd (West Bridge) for the acquisition of Affinity shares as part of the takeover bid.

The charges relate to Ms Hutson’s involvement in West Bridge’s acquisition of Affinity shares, her giving false information to (and attempting to mislead) ASIC as part of its investigation. Charges also include Ms Hutson’s use of G8 Education funds, totalling $928,500, to acquire shares in ANZ Bank for Crossborder Investments Pty Ltd, a company which Ms Hutson is a director.

Ms Hutson’s trial will be heard before the Queensland District Court at Brisbane on a date to be fixed.

The matter is being prosecuted by the Commonwealth Director of Public Prosecutions after a referral from ASIC.

Login To MyTis Comment Or Register to MyTIS

Notify of
Inline Feedbacks
View all comments


Register now to receive the latest news and information for global trading industry.

Latest Articles

Working, Accenture, FPC, 2%, purchases

BOE: Asset Purchase Facility: Gilt Purchases – Market Notice 6 August 2020

On 17 June the MPC voted for the Bank of England to continue with its existing programme of £200bn of UK government bond and sterling non-financial investment-grade corporate bond purchases, …

Would love your thoughts, please comment.x