RetireAustralia has just commenced the $5 million construction of a new 1600sqm country club at its Forresters Beach Retirement Village, nearby its three other Central Coast villages. CEO Glen Brown says they have invested $20 million across the Central Coast in the past 12 months, building 60 new ILUs. At Forresters Beach they are currently building 24 ILUs, with 16 presold. Over the next seven years they plan to build 450 ILUs in the region with a capital expenditure of $160M
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...