Construction has commenced on The Bellarine Lakes Golf Park at Moolap. It is being converted into a 336 ILU resort-style retirement village. Country Club Villages director Stewart Gull says Stage One is 30 units plus community facilities. The development requires $80 million eventual funding. ILUs will sell from $300,000-$550,000. Country Club Villages is based in Ballarat and has six substantial villages in regional Victoria that it has developed.
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...