Well over $1 billion has been written off as values as falling sales and poor sentiment has taken a toll on what had been a boom market sector. There are encouraging signals, however with indication the worst is over with sales rates beginning to improve and new equity coming into the industry.
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...