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Examples
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Investors speculated at the meeting that a wind-up of the scheme could yield a return of 10 cents in the dollar, according to the experience of those invested in the failed Timbercorp, meaning almost any alternative was worth pursuing.
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Liberal senator Bill Heffernan, who is chairing an inquiry into agribusiness managed investment schemes, said consumers were waking up to the fact that schemes such as Timbercorp and Great Southern were never going to work.
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Elders 'review of its forestry assets, including is $34 million holding in FEA, follows the collapse of Timbercorp and Great Southern last year.
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John Bird says the company has navigated a very challenging 12 months, impacted by the collapse of its biggest customer, Timbercorp.
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Timbercorp in either administration or receivership/liquidation.
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"In doing so, we have ensured the productive health of the former Timbercorp orchards, secured a new three-year management contract with their new owners, Olam, and have successfully transitioned the orchards into new ownership," Mr Bird said.
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"In doing so, we have ensured the productive health of the former Timbercorp orchards, secured a new three year management contract with their new owners, Olam and have successfully transitioned the orchards into new ownership," Mr Bird said in a statement on Monday.
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"In doing so, we have ensured the productive health of the former Timbercorp orchards, secured a new three year management contract with their new owners, Olam and have successfully transitioned the orchards into new ownership," Mr Bird said in a statement on Monday.
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John Bird says the company has navigated a very challenging 12 months, impacted by the collapse of its biggest customer, Timbercorp.
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A combination of the global financial crisis and an Australian Taxation Office crackdown has decimated the MIS industry during the past two years, with Timbercorp, Great Southern,
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