Old habits die hard, especially in journalism, which explains why I still have all the handwritten notes from 13 years as Chanticleer including 2021 and 2022 when the equity market operator, ASX, broke the law to hide the truth about a dud $250 million tech project.The ASX board’s decision last week to admit to misleading conduct in February 2022 in relation to the CHESS replacement project and pay the Australian Securities and Investments Commission a $20.5 million penalty and $3 million in court costs prompted me to go through those old notebooks with their half shorthand, half bastardised English.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
The untold story of ASX’s $250m tech implosion
A former Chanticleer columnist’s handwritten notes from 2021 and 2022 expose how the ASX management hid the truth behind a failing $250 million tech project.
ASX admitted to misleading conduct over its failed $250M CHESS project, paying ASIC $20.5M penalty. Critical infrastructure project failure exposes governance breakdown and regulatory risk—key lesson for IT leaders on transformation risk management.






