Monthly Archives: July 2014

Thomson Geer has acted for the liquidators of Penrice Soda Products Pty Ltd and 10 other group companies. This is the largest insolvency administration in SA since 2001 and one of the largest in Australia, with secured and unsecured liabilities totalling over $200 million.

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Welcome to Shifting Geer, Thomson Geer’s superannuation newsletter for the period 23 June 2014 - 25 July 2014.

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Thomson Geer's Melbourne Banking & Finance team has advised Bank of Melbourne on a $99.2 million construction finance to Eporo Tower Pty Ltd to assist with the development of Eporo Tower in Melbourne's CBD.

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The Financial System Inquiry (Murray Inquiry) Committee handed down its Interim Report on 15 July. The Inquiry is the first financial system inquiry since the 1997 Wallis Report, and clearly much has changed in the financial services landscape over that time.

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Much of the detail of the Living Longer Living Better (LLLB) reforms resides in the aged care principles. A large number of the LLLB reforms commenced on 1 July 2014. Just days before on 27 June 2014, the government released the last of the aged care principles.

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Thomson Geer's Adelaide M&A team have advised newly-established Australian mid-market private equity firm, Adexum Capital, on its successful AU$50m capital raising.

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The Federal Government has released an Options Paper with options for replacement arrangements following the abolition of the ACNC. On the face of it, most of what is now regulated, reported or disclosed will continue but without ACNC involvement.

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Thomson Geer has assisted Adelaide based Liquidator George Divitkos to obtain directions from the Federal Court in a case that has established a new law in connection with Bank rights to subrogate.

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The Private Health Care Facilities Bill 2014 was introduced to the Victorian Parliament on 27 May 2014 and is set to deliver a much desired reduction in red tape and regulation to the private healthcare industry in this state.

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