From expertsdirect.com: As part of its evidence, ASIC intends to rely on the testimony of an expert, Mr MH, who was the author of a detailed report dated 19 December 2023 (Expert Report)
The Federal Court ruled that an expert report from Mr. MH, a risk and compliance expert, was admissible in the case of Australian Securities and Investments Commission v Money3 Loans Pty Ltd, despite objections regarding its foundations in specialized knowledge and factual basis.
The Court found that Mr. MH’s report sufficiently demonstrated his expertise and related industry practices, even though it lacked precision in parts.
The objection to the report’s admissibility was rejected, allowing for Mr. MH’s testimony and indicating that any issues of specificity would be addressed during cross-examination at trial.