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Showing 21 - 30 of 49 results for "Great Southern"

Great Southern investors fight back

COMPANY RELEASE  |  FRIDAY, 28 MAY 2010
Macpherson + Kelley Lawyers has filed a lawsuit for Great Southern investors seeking the court to void loans given to invest into failed agribusiness investment schemes, including loans provided by Adelaide Bank. The class action covers 1,700 investors ...

Gunns freezes MIS offerings

RUTH LIEW  |  WEDNESDAY, 5 MAY 2010
Gunns Limited, which owns the Responsible Entity of several Great Southern schemes, flagged it will not be making any MIS offers this financial year. Gunns Limited owns Gunns Plantations - the responsible entity for the 1998 - 2006 Great Southern pulpwood ...

Debt disclosure to revive agribusiness

MICHELLE BALTAZAR  |  FRIDAY, 9 APR 2010
... important for the industry and the regulator to push for debt disclosure because the main reason Timbercorp and Great Southern collapsed was because they couldn't support their debts when their revenues fell following the 2008-09 financial crisis. Comments ...

Advisers to boost political clout

RUTH LIEW  |  MONDAY, 8 MAR 2010
... fall of Storm Financial and advisers' roles in pushing failed MIS products such as those offered by Timbercorp and Great Southern. Meanwhile the Financial Planning Association of Australia said it has two forums for its 600 principal members, who are ...

RFM to bring cashflow back to Great Southern MIS

RUTH LIEW  |  MONDAY, 1 MAR 2010
... usual tradition of failed managed investment schemes being wound up, the newly-appointed responsible entity of two Great Southern almond schemes are giving investors another option that could get them more of their capital back. RFM received approval ...

IMAP elects chair

COMPANY RELEASE  |  WEDNESDAY, 11 NOV 2009
The Institute of Managed Accounts Providers (IMAP), the industry body for managed accounts professionals, has appointed Toby Potter, one of the industry's pioneers, as chair. Tracy Byrne, who helped establish IMAP, is stepping down as chair but will ...

IMF funds Great Southern action

COMPANY RELEASE  |  MONDAY, 19 OCT 2009
IMF (Australia) has agreed to fund a group action against Great Southern Plantations on behalf of investors who exchanged their woodlot interests for shares in Great Southern during the course of Project Transform. The funding will cover claims by investors ...

Financial advisers need more support: Wright

MICHAEL HOBBS  |  FRIDAY, 9 OCT 2009
... understand what's going on and can deal with any fears they have. Case in point, Wright said her clients were exposed to Great Southern before it collapsed but she sent an email to clients describing what it meant for their portfolios the morning of ...

Magellan hires Melbourne account manager

COMPANY RELEASE  |  THURSDAY, 3 SEP 2009
... his career traversing superannuation, agri-business and funds management. He had previously worked at HSBC and Great Southern. "This is Magellan's first appointment outside our Sydney head-quarters and is in support of the strong interest and opportunities ...

Agribusiness MIS suffer 77pc drop

RUTH LIEW  |  MONDAY, 20 JUL 2009
First Timbercorp fell, then Great Southern plummeted - fuelling Australia's agribusiness managed investment schemes sector to suffer a 77 per cent decline in invested funds for the last financial year. New figures from the Australian Agribusiness Group ...