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Showing 1 - 5 of 5 results for "Deed of Cross Guarantee"

Sequoia caves into InterPrac sale undertaking, ASIC withdraws proceedings

KARREN VERGARA  |  WEDNESDAY, 5 AUG 2026
... was fair and reasonable. On 25 May 2022, Sequoia Financial, Sequoia Wealth and InterPrac entered into a Deed of Cross Guarantee, meaning each entity guaranteed the debts of its each sister companies in the event of a winding up on certain grounds. Successfully ...

ASIC concerns over Interprac sale 'unfounded': Sequoia

JAMIE WILLIAMSON  |  FRIDAY, 10 APR 2026
... "Sequoia believes that concern is unfounded," it stated today. "Interprac will remain a party to the ASIC Deed of Cross Guarantee immediately following the sale of Interprac to Conquest... [and] can only cease to apply to Interprac as a result of the ...

Sale of Interprac raises eyebrows at ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 8 APR 2026
... Interprac's financial position and solvency. In 2022, Sequoia Financial, Sequoia Wealth and Interprac entered a Deed of Cross Guarantee under which each of the entities guarantees the debts of the other. If the receivers deem the sale to be legitimate ...

WiseTech short could impact super

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
... organic growth." The short seller said WiseTech is able to shield subsidiaries from audit scrutiny through a deed of cross guarantee. "WiseTech's Australian subsidiaries, through which much of the international revenue has been channeled, have been ...

ASIC announces changes to financial reporting standards

... before entering into deeds of cross guarantee. In a statement released yesterday, ASIC said previously, a deed of cross guarantee or an assumption deed joining a company to an existing deed of cross guarantee was not effective unless approved by ASIC. ...
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