Australian retirees are being lured to Phuket Island in southern Thailand with special visas for foreigners who can prove they have retired with adequate monthly income. The Thai government also offers tax incentives to developers of retirement accommodation. A South Korean development is building a 150 condominium plus Marina project in Phuket specifically for the Australian retirement market, citing that living costs are a fraction of those back home.
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...