 CTPL was launched on 15 March 2008 with the objective of developing commercial collaborations and to allow exploitation of the IP through exclusive licenses in a number of areas; including animal health, human health and industrial uses.The Administrators, KordaMentha, in a report dated 5 December 2007, indicated that investigations into potential offences under section 438D of the Corporations Act 2001 had identified four (4) areas where further investigation were warranted.A supplementary report dated 12 May mentioned that a confidential report had been lodged with the Australian Securities and Investigations Commission (ASIC) under section 438D of the Act.