Former health minister under investigation

Former federal health minister Dr Michael Wooldridge faces being banned from corporate appointments over claims he breached his duties as a director when overseeing a failed retirement village company.

Dr Wooldridge, who was health minister from 1996 to 2001, was one of the non-executive directors of Australian Property Custodian Holdings Ltd (APCHL).

The Australian Securities and Investment Commission (ASIC) — the corporate watchdog — announced last week it was launching action in the Federal Court of Australia to