who owns what - pending?

Asset Resolution Limited ("ARL") is a special purpose company whose board has significant experience and connections in the optimal realisation of mortgage loans and leisure assets.




5 September 2012 - Transaction Highlights

60% of the debt relating to the security property known as The Forest Resort, and the whole of the first and second mortgage securities relating to the Forest Resort have been assigned to ARL (the fund has retained the balance 40% of this loan, the guarantees and company charges as security for it);
$3.74 million has been transferred to ARL as a provision for outstanding rates, land tax, water charges and associated costs relating to the loans being assigned;
all of the Funds interest in the ASIC compensation claim, the Class Action claim, and proof of debt in the liquidation of Octaviar Limited (In Liquidation) and Octaviar Administration Limited ( In Liquidation) have been assigned to ARL.