These companies include:
- Caernarvon Canobolas Pty Ltd (in liquidation)
- Bonny Glen Fruits Pty Ltd (in liquidation)
- Bonny Glen Trading Pty Ltd (in liquidation)
- Melrose Park Nashdale Pty Ltd (in liquidation)
All 4 companies have DW Advisory as liquidator.
Particulars of the liquidations, including the first report to creditors can be located on DW Advisory’s website here.
Despite having been appointed almost 2 months ago, DW Advisory has not realised 90% by value of the sale of the Bonny Glen partnership properties (according to title searches of 14 November 2019) auctioned in Orange on 24 July 2019.
We understand some of Bernard’s remaining companies continue to rent properties from the liquidator despite having contracts that required them to complete the sales in September 2019 – 2 months ago – still incomplete? An inspection of the title’s of the subject properties in the hands of the liquidator’s states:
“NO CERTIFICATE OF TITLE HAS ISSUED FOR THE CURRENT EDITION OF THIS FOLIO. CONTROL OF THE RIGHT TO DEAL IS HELD BY WESTPAC BANKING CORPORATION.”
We further understand there is an allegation that the liquidator has failed to collect 1 or more years rent from Bernard’s lessee company? Whilst there may be sound business reason for not collecting this rent from Bernard’s company (?), DCP sincerely hope the interests of all creditors (not just interests associated with Bernard Hall) are being protected by DW Advisory in their trusted role as liquidator? We understand complaints have been made about aspects of the liquidator’s conduct to date to bodies including ASIC and other regulators?
Below is a partial overview of the Hall families business structure.
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Correct as at 14 November 2019.