NSW Premier Barry OFarrell has officially asked the Federal Government to fund the retrofitting of 636 care facilities with sprinklers following the Quakers Hill fire that claimed 11 residents in November. Victoria and Queensland are legally required to retrofit. Sprinklers have been required in NSW since 2002 for new developments. The NSW Government is budget strapped and is unlikely to fund the work, estimated at $236M to $700M.
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...