All creditors with admitted claims will now have received dividends amounting to 100 cents in the dollar. Sufficient funds are available to make a further distribution to admitted creditors in respect to their entitlement to statutory interest and this distribution has been delayed by the receipt of a late and substantial contingent claim.  The Federal Court of Australia recently ruled that the Deed Administrators should deal with this claim however, subject  to making appropriate estimates of other claims, may make a payment of statutory interest in the meantime.  The Deed Administrators therefore expect to be in a position to make a payment of some statutory interest entitlements to admitted creditors early in 2009.

Creditor Update – April 2010

Creditor Update – May 2009

Federal Court Judgement