{"id":81983,"date":"2026-03-31T09:55:38","date_gmt":"2026-03-30T22:55:38","guid":{"rendered":"https:\/\/www.marketforces.org.au\/?p=81983"},"modified":"2026-03-31T09:55:46","modified_gmt":"2026-03-30T22:55:46","slug":"asic-complaint-against-apa-group","status":"publish","type":"post","link":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/","title":{"rendered":"ASIC complaint against APA Group"},"content":{"rendered":"\n<p>Equity Generation Lawyers (EGL) and Market Forces have formally lodged a complaint with the Australian Securities and Investments Commission (ASIC) against APA Group &#8211; Australia&#8217;s biggest gas pipeline&nbsp;operator &#8211; for misrepresenting the costs, scale and financial viability of producing fracked gas in the Beetaloo Basin, Northern Territory.<\/p>\n\n\n\n<p>APA&#8217;s planned North to East Pipeline project would be Australia&#8217;s largest gas pipeline and enable fracking of the Beetaloo Basin in the Northern Territory.<\/p>\n\n\n\n<p>Last year&#8217;s&nbsp;<a href=\"https:\/\/www.marketforces.org.au\/campaigns\/companies\/apa-group\/pipeline-to-nowhere-apa-groups-dangerous-bet-on-beetaloo-fracking\/\" target=\"_blank\" rel=\"noreferrer noopener\">Market Forces&nbsp;report: Pipeline to Nowhere<\/a>, analysis reveals&nbsp;<strong>fracking the Beetaloo sub-Basin would produce nearly 9.5 times the entire gas required<\/strong>&nbsp;for Australia\u2019s National Electricity Market (NEM)&nbsp;<strong>for the next 25 years<\/strong>. It would take Australia\u2019s NEM 237 years to use this much gas&nbsp;<strong>despite Australia\u2019s net-zero by 2050 commitment.<\/strong><\/p>\n\n\n\n<p>Kyle Robertson, Head of Research, Market Forces said:<\/p>\n\n\n\n<p>&#8220;It&#8217;s deeply concerning that Australia&#8217;s biggest gas pipeline company, APA, is fudging the figures to hide the high cost of Beetaloo gas.&#8221;<\/p>\n\n\n\n<p>&#8220;We are urging ASIC to investigate how APA misled investors about the size of the gas resource in the Beetaloo Basin and why the company misrepresented the costs of producing the gas.&#8221;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-pale-cyan-blue-color has-alpha-channel-opacity has-pale-cyan-blue-background-color has-background is-style-wide ticss-ac9a0f74\"\/>\n\n\n\n<h4 class=\"wp-block-heading\">Link to the complaint letter<\/h4>\n\n\n\n<p><a href=\"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2026\/03\/260331-Letter-from-Market-Forces-to-ASIC-re-APA.pdf\">Letter from MarketForces to ASIC re APA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Equity Generation Lawyers (EGL) and Market Forces have formally lodged a complaint with the Australian Securities and Investments Commission (ASIC) against APA Group &#8211; Australia&#8217;s biggest gas pipeline&nbsp;operator &#8211; for misrepresenting the costs, scale and financial viability of producing fracked gas in the Beetaloo Basin, Northern Territory. APA&#8217;s planned North to East Pipeline project would [&hellip;]<\/p>\n","protected":false},"author":64,"featured_media":81984,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[17,24,10,16],"tags":[510,928,574,1656,921,1732],"class_list":["post-81983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-feature","category-gas","category-news","tag-apa","tag-apa-group","tag-asic","tag-beetaloo","tag-beetaloo-basin","tag-equity-generation-lawyers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ASIC complaint against APA Group - Market Forces<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASIC complaint against APA Group - Market Forces\" \/>\n<meta property=\"og:description\" content=\"Equity Generation Lawyers (EGL) and Market Forces have formally lodged a complaint with the Australian Securities and Investments Commission (ASIC) against APA Group &#8211; Australia&#8217;s biggest gas pipeline&nbsp;operator &#8211; for misrepresenting the costs, scale and financial viability of producing fracked gas in the Beetaloo Basin, Northern Territory. APA&#8217;s planned North to East Pipeline project would [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Forces\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MarketForces\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-30T22:55:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-30T22:55:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2026\/03\/ASIC-shutterstock_2306106295.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"810\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Matt Tomkins\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@market_forces\" \/>\n<meta name=\"twitter:site\" content=\"@market_forces\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Matt Tomkins\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/asic-complaint-against-apa-group\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/asic-complaint-against-apa-group\\\/\"},\"author\":{\"name\":\"Matt Tomkins\",\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/#\\\/schema\\\/person\\\/03045a7ecba5a94cda8e4e7aed6ae9c7\"},\"headline\":\"ASIC complaint against APA Group\",\"datePublished\":\"2026-03-30T22:55:38+00:00\",\"dateModified\":\"2026-03-30T22:55:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/asic-complaint-against-apa-group\\\/\"},\"wordCount\":215,\"image\":{\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/asic-complaint-against-apa-group\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.marketforces.org.au\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/ASIC-shutterstock_2306106295.jpg\",\"keywords\":[\"APA\",\"APA Group\",\"ASIC\",\"Beetaloo\",\"Beetaloo Basin\",\"Equity Generation Lawyers\"],\"articleSection\":[\"Blog\",\"Feature\",\"Gas\",\"News\"],\"inLanguage\":\"en-AU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/asic-complaint-against-apa-group\\\/\",\"url\":\"https:\\\/\\\/www.marketforces.org.au\\\/asic-complaint-against-apa-group\\\/\",\"name\":\"ASIC complaint against APA Group - Market Forces\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/asic-complaint-against-apa-group\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/asic-complaint-against-apa-group\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.marketforces.org.au\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/ASIC-shutterstock_2306106295.jpg\",\"datePublished\":\"2026-03-30T22:55:38+00:00\",\"dateModified\":\"2026-03-30T22:55:46+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/#\\\/schema\\\/person\\\/03045a7ecba5a94cda8e4e7aed6ae9c7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/asic-complaint-against-apa-group\\\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketforces.org.au\\\/asic-complaint-against-apa-group\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/asic-complaint-against-apa-group\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.marketforces.org.au\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/ASIC-shutterstock_2306106295.jpg\",\"contentUrl\":\"https:\\\/\\\/www.marketforces.org.au\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/ASIC-shutterstock_2306106295.jpg\",\"width\":1080,\"height\":810,\"caption\":\"ASIC\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/asic-complaint-against-apa-group\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketforces.org.au\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ASIC complaint against APA Group\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/#website\",\"url\":\"https:\\\/\\\/www.marketforces.org.au\\\/\",\"name\":\"Market Forces\",\"description\":\"Your money as a force for good\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketforces.org.au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketforces.org.au\\\/#\\\/schema\\\/person\\\/03045a7ecba5a94cda8e4e7aed6ae9c7\",\"name\":\"Matt Tomkins\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a047fb3783ffd331b30e04a0a38a5732d0db1a34814b1643ba3c6bc17c3fc27c?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a047fb3783ffd331b30e04a0a38a5732d0db1a34814b1643ba3c6bc17c3fc27c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a047fb3783ffd331b30e04a0a38a5732d0db1a34814b1643ba3c6bc17c3fc27c?s=96&d=mm&r=g\",\"caption\":\"Matt Tomkins\"},\"url\":\"https:\\\/\\\/www.marketforces.org.au\\\/author\\\/mtomkins\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ASIC complaint against APA Group - Market Forces","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/","og_locale":"en_US","og_type":"article","og_title":"ASIC complaint against APA Group - Market Forces","og_description":"Equity Generation Lawyers (EGL) and Market Forces have formally lodged a complaint with the Australian Securities and Investments Commission (ASIC) against APA Group &#8211; Australia&#8217;s biggest gas pipeline&nbsp;operator &#8211; for misrepresenting the costs, scale and financial viability of producing fracked gas in the Beetaloo Basin, Northern Territory. APA&#8217;s planned North to East Pipeline project would [&hellip;]","og_url":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/","og_site_name":"Market Forces","article_publisher":"https:\/\/www.facebook.com\/MarketForces","article_published_time":"2026-03-30T22:55:38+00:00","article_modified_time":"2026-03-30T22:55:46+00:00","og_image":[{"width":1080,"height":810,"url":"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2026\/03\/ASIC-shutterstock_2306106295.jpg","type":"image\/jpeg"}],"author":"Matt Tomkins","twitter_card":"summary_large_image","twitter_creator":"@market_forces","twitter_site":"@market_forces","twitter_misc":{"Written by":"Matt Tomkins","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/#article","isPartOf":{"@id":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/"},"author":{"name":"Matt Tomkins","@id":"https:\/\/www.marketforces.org.au\/#\/schema\/person\/03045a7ecba5a94cda8e4e7aed6ae9c7"},"headline":"ASIC complaint against APA Group","datePublished":"2026-03-30T22:55:38+00:00","dateModified":"2026-03-30T22:55:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/"},"wordCount":215,"image":{"@id":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/#primaryimage"},"thumbnailUrl":"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2026\/03\/ASIC-shutterstock_2306106295.jpg","keywords":["APA","APA Group","ASIC","Beetaloo","Beetaloo Basin","Equity Generation Lawyers"],"articleSection":["Blog","Feature","Gas","News"],"inLanguage":"en-AU"},{"@type":"WebPage","@id":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/","url":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/","name":"ASIC complaint against APA Group - Market Forces","isPartOf":{"@id":"https:\/\/www.marketforces.org.au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/#primaryimage"},"image":{"@id":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/#primaryimage"},"thumbnailUrl":"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2026\/03\/ASIC-shutterstock_2306106295.jpg","datePublished":"2026-03-30T22:55:38+00:00","dateModified":"2026-03-30T22:55:46+00:00","author":{"@id":"https:\/\/www.marketforces.org.au\/#\/schema\/person\/03045a7ecba5a94cda8e4e7aed6ae9c7"},"breadcrumb":{"@id":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/#primaryimage","url":"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2026\/03\/ASIC-shutterstock_2306106295.jpg","contentUrl":"https:\/\/www.marketforces.org.au\/wp-content\/uploads\/2026\/03\/ASIC-shutterstock_2306106295.jpg","width":1080,"height":810,"caption":"ASIC"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketforces.org.au\/asic-complaint-against-apa-group\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketforces.org.au\/"},{"@type":"ListItem","position":2,"name":"ASIC complaint against APA Group"}]},{"@type":"WebSite","@id":"https:\/\/www.marketforces.org.au\/#website","url":"https:\/\/www.marketforces.org.au\/","name":"Market Forces","description":"Your money as a force for good","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketforces.org.au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Person","@id":"https:\/\/www.marketforces.org.au\/#\/schema\/person\/03045a7ecba5a94cda8e4e7aed6ae9c7","name":"Matt Tomkins","image":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/secure.gravatar.com\/avatar\/a047fb3783ffd331b30e04a0a38a5732d0db1a34814b1643ba3c6bc17c3fc27c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a047fb3783ffd331b30e04a0a38a5732d0db1a34814b1643ba3c6bc17c3fc27c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a047fb3783ffd331b30e04a0a38a5732d0db1a34814b1643ba3c6bc17c3fc27c?s=96&d=mm&r=g","caption":"Matt Tomkins"},"url":"https:\/\/www.marketforces.org.au\/author\/mtomkins\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketforces.org.au\/wp-json\/wp\/v2\/posts\/81983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketforces.org.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketforces.org.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketforces.org.au\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketforces.org.au\/wp-json\/wp\/v2\/comments?post=81983"}],"version-history":[{"count":3,"href":"https:\/\/www.marketforces.org.au\/wp-json\/wp\/v2\/posts\/81983\/revisions"}],"predecessor-version":[{"id":81996,"href":"https:\/\/www.marketforces.org.au\/wp-json\/wp\/v2\/posts\/81983\/revisions\/81996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.marketforces.org.au\/wp-json\/wp\/v2\/media\/81984"}],"wp:attachment":[{"href":"https:\/\/www.marketforces.org.au\/wp-json\/wp\/v2\/media?parent=81983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketforces.org.au\/wp-json\/wp\/v2\/categories?post=81983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketforces.org.au\/wp-json\/wp\/v2\/tags?post=81983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}