The Anglicans have achieved a coup by negotiating with the New South Wales government approval to build a 14 storey village and aged care facility as part of the Landcom redevelopment site at Victoria Park in Zetland, halfway between the CBD and Sydney airport. Comprising of a 120 bed residential care facility, and 180 ILUs, the Anglicans aim to bring affordable retirement living to the largely blue-collar precinct bordering Sydney's eastern suburbs. They claim they will design and decorate the facility like a quality hotel and will provide sweeping views of the eastern suburbs, nearby golf courses, the airport and Botany Bay. It is due for completion in 2010.
Five Prime Trust directors found to a breach their duties when handing over $33 million to Bill Lewski
Corporate watchdog ASIC was successful in the Federal Court, obtaining a ruling that the five former directors of Prime Trust are liable for breaching their duties as officers of the trust APCHL. They agreed to the amendment of the Constitution of...