With all due respect, Freddy,

But it’s the root of the matter that matters,
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ASIC intervenes in PIF transaction
11 June 2013

The Australian Securities and Investments Commission (ASIC) has legally intervened in the sale of Premium Income Fund (PIF) by initiating proceedings against the responsible entity for the fund, Wellington Capital Limited.
The regulator announced its legal intervention late on Friday, saying it had commenced proceedings in the Federal Court "seeking declarations of contravention by Wellington" and injunctions preventing Wellington from putting the five resolutions to unit holders in the fund.
Those resolutions are contained in a Notice of Meeting and Explanatory Memorandum dated 6 May 2013 to unit holders of the PIF on 14 June 2013. The ASIC action also seeks to prevent Wellington from taking any other actions to implement the resolutions.

http://www.moneymanagement.com.au/news/financial-planning/asic-intervenes-pif-transaction
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... damn, damn those anniversaries ...