From the little I've read on this Bob, it appears that SR Group are proposing to lodge a claim against the Compensation Scheme of Last Resort (CSLR) which appears to be a scheme set up after the banking Royal Commission findings to compensate those parties who have lost as a result of financial services failures and where the party failing either no longer exists or has insufficient assets to cover the claim.
The scheme appears to be administered by the AustralianFinancial Complaints Authority (AFCA) (afca.org.au), which was again set up following the banking Royal Commission findings earlier this year.
It seems to be completely separate to anything related to Orinoco.
Interesting thought for the legal eagles among us, if the CSLR was to pay up, would that make them a quasi creditor of Orinoco.....?
- Forums
- ASX - By Stock
- OGX
- OGX SR Group Action
OGX SR Group Action, page-5
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OGX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online