The Victorian and Commonwealth Consumer Affairs offices have cleared The Shane Warne Foundation of any financial irregularities after an 11-month investigation.

The Victorian and Commonwealth Consumer Affairs offices have found The Shane Warne Foundation ‘not guilty’ of any wrongdoing after a 15-month drama.

Simon Cohen, Director of Consumer Affairs, Victoria, released a statement advising the public of the findings of their extensive review of the fundraiser as well as thanking them for their full cooperation.

The Director only raised two points of conjecture brought to light during the investigation. The first was a minor infringement – late reporting of an annual return in 2015. The second – and primary reason Cohen wrote to the fund suggesting he may deregister them – had to do with the “low proportion of funds raised that were distributed to beneficiaries in recent years”.