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Showing 21 - 30 of 38 results for "Diversa Trustees"

HUB24 also in line at Sargon

KANIKA SOOD  |  FRIDAY, 28 FEB 2020
... other secured creditors OneVue, Westpac and Taiping Trustees. The eight companies, which include businesses like Diversa Trustees and CCSL, collectively have about $154 million in total liabilities. The $154 million in liabilities across the eight companies ...

Sargon finds buyer for trustee business

KANIKA SOOD  |  THURSDAY, 27 FEB 2020
... operations. At the time of acquisitions, Sargon's agreed to a purchase price of $94.6 million across three assets Diversa Trustees, CCSL and Australian Executor Trustees, which are a part of the sale. The full extent of assets sold is not yet known. ...

Sargon clouds OneVue results

KANIKA SOOD  |  WEDNESDAY, 26 FEB 2020
... trustee business and other assets on an urgent basis. "We are unable to take ownership back of those businesses [Diversa Trustees and CCSL] as the sale was completed. However, we understand that we are the only material creditor of the business and the ...

OneVue recoups $4.36m from Sargon

KANIKA SOOD  |  THURSDAY, 20 FEB 2020
... total $31 million that OneVue is looking to recoup. That is the amount outstanding from 2018 when it sold its Diversa Trustees and CCSL business to Sargon Capital for a total of $45 million. To this end, OneVue is shifting its focus to selling Madison ...

OneVue takes control of Sargon stake in Sequoia

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... price of 20 cents. The move comes as OneVue tries to recoup $31 million that is outstanding from its 2018 sale of Diversa Trustees to Sargon Capital Pty. On Tuesday OneVue appointed PwC as the receivers for SC Australian Holdings 1 Pty Ltd. "[The receivers] ...

Sargon companies in administration

KANIKA SOOD  |  MONDAY, 3 FEB 2020
... OneVue Holdings into a trading halt on Friday, as it awaits deferred payments from Sargon for the sale of the Diversa Trustees business. Today, the ASX-listed business's board and executives said the Sargon saga hasn't impacted its day-to-day ...

Sargon runs out of steam

KANIKA SOOD, JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... OneVue entered a trading halt, pending a statement about the developments at Sargon. OneVue Holdings sold its Diversa Trustees and CCSL business to Sargon in 2018. Sargon was to pay $37 million on completion and the $8 million in 12 months. At the time ...

Trustee firm, super fund in hot water

JAMIE WILLIAMSON  |  WEDNESDAY, 6 NOV 2019
... the market, provided this is done in a way that prioritises the best interests of members." Sargon also owns Diversa Trustees and CCSL Limited.

Millennial super products still just hype

KANIKA SOOD  |  WEDNESDAY, 12 JUN 2019
... millennial products use APRA-regulated DIY Master Plans. Sargon Capital has the biggest slice of the business with its Diversa Trustees and Tidswell acting as the responsible service entity for 66% of the products. Must catch up on reporting The research ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... following super funds to conduct a self-assessment: AustralianSuper, Commonwealth Superannuation Corporation, Diversa Trustees, First State Super, Mercer Superannuation, Perpetual Superannuation, QSuper, Rest, Cbus and Hostplus. The life insurers included ...