The order was issued by ASIC after it found the company had not fully met obligations under the Corporations Law for continuously quoted securities.
ASIC took the view that Macquarie Corporate Telecommunications had not notified the Australian Stock Exchange (ASX) of information that may have affected the price of its securities, and concerns were raised about internal financial record keeping.
-ASIC formed the view that the market had not been fully informed over the last 12 months," a spokesperson for the regulator said.
-It's important that we send the message that the company has to do full prospectus which includes due diligence," she said.
The telco, which was formed in 1992, claims there are around million users of its fixed network telecommunication services.
