Bathla’s A$3.4 billion in debt from 40 lenders was funnelled through around 542 special purpose vehicles
Published Tue, Sep 22, 2026 · 08:39 AM
AUSTRALIA’s corporate watchdog has put the private credit industry on notice to expect more enforcement action in one of its sternest rebukes over poor practices, following the insolvency of Sydney developer Bathla Group.
The sector needs to improve its standards across the board, said Simone Constant, a commissioner for the Australian Securities and Investments Commission (Asic), in a speech to be delivered on Tuesday (Sep 22).
She said multiple enforcement investigations are underway and the regulator is undertaking active surveillances across wholesale and retail funds, where it is already…