ASIC chair Joe Longo has announced he will not seek re-appointment, finishing on May 31 next year.
Iron ore miner Fortescue has knocked back an offer from traditional owners to purchase Emu Creek Station for above market price.
Business News understands the Buurabalayji Thalanyji Aboriginal Corporation put in a bid for the 125,000-hectare station lease in the west Pilbara.
Market price for the station is understood to be about $1.9m.
That valuation reflects the fact the station has been destocked since 2022 and has a small carrying capacity of about 1,500 head.
It was run as a mixed cattle and tourism operation by its previous leaseholders.
