Liberty Villas in Bundaberg had 106 of their 124 units ravaged by floods in February. While they had insurance cover with CGU it has been determined that they did not have flood cover. A significant number of the homes are uninhabitable, forcing residents to move out of the village. The repairs require $1.2 million but how that will be funded remains uncertain.
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...