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A labour hire business owner who fraudulently obtained more than $890,000 through illegal "phoenixing" has been jailed for five years and four months in Western Australia.
An accounting company director in Perth who stole more than $43,000 has been spared an immediate prison sentence.
Laura Ashley has been placed in administration for a second time, falling victim to the same forces that have claimed a raft of Australian retailers.
Coles shares have floated on the Australian Securities Exchange at $12.49, with Wesfarmers' price adjusting in early trade without the supermarket giant in its stable.
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