This situation also puts into limbo retired investors who rely on Centrelink to supplement their income with distributions from PIF which of course is their retirement money.
Centrelink advises that there will be no assistance as long as this situation continues. Only if and when liquidator is appointed will they give assistance. Of course we don't want liquidators, but we don't want to (nor are we able to) live on a part pension.
Let's hope for a resolution sooner than later.
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