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Showing 1 - 10 of 11 results for "Dunk Island"

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... when it went after the investment group in 2020. That action from ASIC resulted in the derailment of the $1.6 billion Dunk Island and Mission Beach development, Mayfair 101 said. The hearing of the strike-out application is scheduled for 7-8 April 2024 ...

Investors livid over fresh portfolio valuation: Mayfair 101

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... value of the portfolio at about $400 million - a valuation that does not account for the planned redevelopment of Dunk Island. Mayfair intended to redevelop the island to drive tourism, however it has since been sold to Annie Cannon-Brookes, who reportedly ...

ASIC chases $12m from Mayfair

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... The notes allegedly funded a range of investments including the purchase of tourism properties at Mission Beach and Dunk Island in Queensland. ASIC has previously said Mayfair investor losses could total $211 million. However, Mawhinney maintains there ...

Mayfair 101 promises investors pie in the sky

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... liquidation. Their investments are ostensibly underpinned by the equity interest Mayfair 101 had in Mission Beach and Dunk Island - properties that the company was determined to develop into a tourist destination. The Bond family, which owned Mission ...

ASIC restrains Mawhinney

ELIZABETH MCARTHUR  |  THURSDAY, 3 SEP 2020
... restrain Mawhinney from advertising or promoting any financial product, meaning his work with Mayfair 101 and the Dunk Island/Mission Beach development the group has been promoting to the bitter end is likely over for now. Further, Mawhinney will not ...

Mayfair 101's vision for Mission Beach is sinking

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
... release to the media, Mayfair 101 founder and managing director James Mawhinney insisted that the Mission Beach and Dunk Island development was progressing and that the group was working with "credible" financiers. Dunk Island was purchased by Mayfair ...

Ponzi scheme allegations levelled at Mayfair 101

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... new investment is sufficiently great." Mayfair 101 launched Australian Property Bonds to fund its Mission Beach and Dunk Island developments at the end of April. The launch came after ASIC hadcommenced an investigation into Mayfair 101 and had restricted ...

Administrators appointed to IPO Wealth

ELIZABETH MCARTHUR  |  TUESDAY, 23 JUN 2020
... thank you to the person who suggested Mayfair 101 might make a bid for Virgin Australia and headquarter the airline on Dunk Island. "Great idea," Mawhinney said. "Every allegation made against us and myself personally can and will be refuted," he added. ...

Receivers appointed to Mayfair 101 entity

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAY 2020
... Mayfair 101's IPO Wealth, with Mayfair slamming the decision by the trustee and claiming this won't harm its Dunk Island development. Vasco Trustees Limited, the trustee of IPO Wealth, advised that on 22 May 2020 it appointed receivers to IPO ...

Mayfair 101 reveals new sub-division, hires chief

ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
Embattled Mayfair 101 is pushing ahead with its plans to develop a tourism attraction at Dunk Island and a luxury hotel and apartment building in Venice, Italy despite COVID-19 throttling the tourism industry. Despite action from ASIC limiting its promotion ...
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