Accountant Marcus Willison of Ernst & Young made another significant prediction, namely that a big village operator will go into receivership in the near future. This would make the cherry picking scenario for the above overseas entrant easy but will be potentially very damaging for the industry, having the less desirable villages (and their residents) left languishing while the receivers price is knocked down.
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...