Good that it is in Queensland where Insurance coverage is still allowed for WHS breaches. Several other states now banned this.
From the potential penalty, it would appear that FGH have been charged with a Category 2 offence. Some discusiion here:https://www.gnl.com.au/services/whs-lawyers-brisbane/whs-penalties/
Interesting that they did not pursue a Cat 1 offence which would require the establishment of fault through recklessness.
On the basis of the charge I think the statements in the Announcement are correct and they are covered.
Ann: Legal Proceedings, page-9
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Mkt cap ! $23.55M | |||
| Open | High | Low | Value | Volume |
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| 1.0¢ | 213481 | 1 |
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| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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| Last updated 13.52pm 27/05/2024 ? | |||||
| FGH (ASX) Chart |