Stig Anderson of ANZ, speaking at this weeks conference, stated while they are keen to provide development funding to experienced retirement village operators, over the past 12 months they have only received three serious approaches. Paul Sullivan of Bendigo & Adelaide Bank backed this position up by reporting just 8 deals last year. They are also open to new projects.
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...