Latest BBY news

Latest BBY news

Read the latest news regarding the external administration of BBY Limited and related companies.

Read the latest news regarding external administration of BBY Limited.

4 December 2023

Broker Services Australia Pty Ltd (BSA) was an employment company within the BBY group. The latest report to creditors of BSA can be found at BBY Communications.

 

1 June 2023

The Liquidators have remitted all unclaimed client distributions to ASIC. Further details can be found at BBY Client claims.

 

16 December 2022

The Liquidators are in the process of remitting unclaimed client distributions to ASIC. Further details can be found at BBY Client claims.

 

29 April 2022

The final general client distribution has been declared. Initial payments commenced on 29 April 2022. Further details can be found at BBY Client claims.

 

1 April 2022

The Liquidators have published a report to former clients and creditors of BBY Limited. The report can be found at BBY Communications.

The final client distribution is expected to be paid in late April 2022. Further details can be found at BBY Client claims.

 

4 February 2022

The BBY Liquidators expect to pay a final cash distribution in respect of client entitlements in late February or March 2022. Further details can be found at BBY Client claims.

The Liquidators will publish a detailed report on this website in February providing an update on the status of the liquidation process.

 

17 December 2021

The BBY Liquidators expect to pay a final cash distribution in respect of client entitlements by 31 January 2022. Further details can be found at BBY Client claims.

 

29 September 2021

The date for payment of a final distribution to former clients of BBY Limited has been delayed. Further details can be found at BBY Client claims

 

25 June 2021

The BBY Liquidators aim to make a final cash distribution in respect of client entitlements by September 2021. Further details can be found at BBY Client claims.  

 

28 September 2020

An interim cash distribution in respect of client entitlements was paid on Thursday, 24 September 2020. Further details can be found at BBY Client claims.  

 

11 September 2020

An update on the timing of the payment of an interim cash distribution in respect of client entitlements can be found at BBY Client claims.  

 

21 August 2020

A first distribution in respect of client entitlements is to be paid to former clients of BBY. Further details can be found at BBY Client claims.  

An update on the status of the general liquidation estate, including the outcome of recovery proceedings can be found at Communications.

 

9 April 2020

The latest news in relation to client monies can be found under Client Monies: Court Directions Proceedings.

A brief update on the BBY liquidation process can be found at Communications.

 

10 September 2019
Court application regarding distribution of recoveries

The Liquidators of BBYL, BBYH and BSA have made an application to the Supreme Court for directions as to how they should deal with recoveries and associated expenses in respect to a claim for losses from insolvent trading. More information can be found in Communications.
 

4 September 2019
Reminder to submit client claims

Clients are reminded that claims in respect of client entitlements must be made by 20 September 2019. Otherwise claims will be determined based on BBY records. Further details can be found at Client Claims – information about client entitlements.

 

3 July 2019

On 26 November 2018 the Court ordered that the Liquidators are entitled to sell the securities held on the Saxo online trading platform upon termination of the Online Account Terms applicable to the "BBY Online Trader" product offering (the Agreement). Saxo clients with a Saxo position claims will have received a circular from KPMG advising them of the termination of the Agreement (PDF 113KB). Should you have any questions regarding this notice, please contact us on bby@kpmg.com.au.

 

24 May 2019
Notice to submit client claims

The Court approved process for verification and adjudication of claims in respect of client entitlements has commenced. Further details can be found at Client Claims – information about client entitlements.

 

26 March 2019

Further to our previous update on 22 January 2019, we are working with Link Market Services who are currently building the bespoke online portal. Once preparations are complete we shall contact clients with further details of the verification and adjudication process and explain what is required. Clients can expect to be contacted in May 2019 to commence the process.

 

30 January 2019
Court directions on dealing with client monies

The Supreme Court handed down a Judgment on 12 November 2018 in relation to the treatment of client monies and next steps in verifying and adjudicating claims. The Court made Orders on 26 November 2018 giving effect to the Judgment. Further details can be found in Client Monies: Court Directions Proceedings.

 

21 September 2018
BBY Liquidators' Third Annual Report

We have published our latest annual report to creditors (PDF 827KB) on the BBY creditor information website. This report provides a summary of key events during the previous year, the current status and next steps in the winding up of the insolvent estates of the above companies. It should be read in conjunction with our previous reports, dated 9 September 2016 (PDF 632KB) and 21 September 2017 (PDF 941KB).

 

22 June 2018
Court directions on dealing with client monies

A further directions hearing took place in the Supreme Court on 22 June 2018. The Court heard and considered evidence and submissions from the parties in relation to various issues and reserved judgement. Further details can be found under Client Monies: Court Directions Proceedings.

 

11 April 2018

A Supreme Court hearing took place on 5 April 2018 to provide directions in the Court proceedings. Further details can be found under Client Monies: Court Directions Proceedings. The next hearing for these issues is set down for 22 June 2018.

 

19 March 2018

On 19 March 2018 Justice Brereton of the Supreme Court of New South Wales handed down his judgement in relation to how client assets and monies should be dealt with and ultimately distributed among the 6,000 former clients of BBY Limited owed over $60 million.

The Court intends to list the matter for a further hearing on 5 April 2018, at which orders will likely be made giving effect to the judgement (where possible), and further directions made in relation to ancillary matters in the proceedings.

The Liquidators are currently considering the practical implications of the judgement and look forward to receiving final Court orders that will provide a basis for the next steps in the liquidation. Over the coming months remaining counterparty funds should be recovered with the benefit of such orders and, subject to Court approval, the process of verifying and adjudicating client claims will be undertaken before initial distributions are made to clients. It is too soon yet to estimate a time frame on this process. 

 

5 February 2018

BBY former clients are referred to our news update of 19 December 2017 below, regarding directions of the Court. We do not expect to report any further developments in the court proceedings before early March 2018.

 

19 December 2017

BBY clients are reminded that monies and related recoveries cannot be distributed until the Supreme Court of New South Wales has provided directions to the Liquidators in relation to how these should be dealt with and ultimately distributed. We do not expect to report any further developments in the proceedings before early February 2018.

In the meantime, the Liquidators have distributed approximately $1.7 million to certain classes of clients (in respect of ‘erroneous deposits’ and ‘erroneous withdrawals’) in accordance with court directions.


18 December 2017

BBY Nominees Pty Ltd was part of the BBY group and acted as a nominated custodian for certain clients of the BBY business. Over the past 2 and a half years the Liquidators have identified approximately $25 million of listed and unlisted domestic and international shares and options, mostly held in a nominee capacity on behalf of approximately 600 clients, and have returned over $23 million in holdings. The Liquidator expect to finalise remaining claims over the course of the few months. The Liquidators issued their second annual report (PDF 415KB) on this liquidation on 18 December 2017.

 

21 September 2017

Each year during the winding up of a company liquidators are required to either convene an annual meeting of creditors or lodge an annual report with ASIC, providing notice to creditors.

We have elected to lodge this second annual report (PDF 941KB) with ASIC and publish a copy on the BBY creditor information on the BBY website. We have sent notification to approximately 6,000 former clients of BBY by email and to 400 possible creditors by post. This report provides an update on and should be read in conjunction with our previous report, dated 9 September 2016, a copy of which can be found on the website.

 

24 August  2017
‘Erroneous Withdrawal’ clients

On 28 July 2017, the Liquidators commenced distributions in respect of clients affected by the $2.4 million ‘erroneous withdrawal’ (‘EW’) margin call on 19 May 2015 (in respect of Exchange Traded Options where BBYL did not settle its margin obligation with ASX Clear). EW distributions have been processed via our agents, Link Market Services (‘Link’) where clients have provided requested information.

In accordance with Court Orders (PDF 65KB) dated 12 October 2016, the Liquidators deducted costs representing approximately 35 percent of each client’s gross entitlements relating to the costs of the client monies directions application and the court proceedings that have been running since August 2015. This percentage reflects relevant court approved costs of approximately $839,000, made up of $429,000 in Liquidators’ fees, $308,000 in fees of the solicitors and counsel representing the Liquidators and $102,000 in respect of Partners Legal, representing the first representative defendants, J Mazzetti Pty Ltd on behalf of ETOs clients with open positions as at 15 May 2015. Clients were also charged a $104.65 processing fee.

Some clients have inquired whether they are entitled to claim GST input tax credits or other tax deductions in respect of these costs. We cannot provide tax advice, however our understanding is that clients are not entitled to claim in respect of these costs. We recommend clients seek their own independent tax advice. The Liquidators are claiming GST input tax credits in relation to our own client monies remuneration and legal costs and we will pay these into the respective client segregated accounts to be distributed in accordance with Court directions when these are made.

Any EW clients that have not complete the verification process should contact Link at bby@linkmarketservices.com.au or on +61 1300 868 464 in order to participate in distributions.

Should clients have any questions regarding this, email BBY@kpmg.com.au.

 

29 June 2017
Deadline for lodgement of claims

On 19 June 2017, the Securities Exchanges Guarantee Commission (SEGC) published a notice calling for all Equity and ETO clients of BBY Limited who might be eligible to claim compensation from the National Guarantee Fund (NGF) under subdivision 4.9 (Property Entrusted claims) to lodge a claim by 20 September 2017. Clients can obtain a copy of this notice. Please contact the SEGC directly on +61 2 8216 0231 or email segc@segc.com.au should you have any questions.

 

25 May 2017

Client monies Court directions proceedings – Clients are reminded that monies in the CSAs and other client related recoveries cannot be distributed until the Court has made its final determination. At this stage clients do not need to take any further action and we do not require further documentation from clients. Refer to our update of 21 February 2017 for more information.

‘Erroneous Deposit’ clients – The Liquidators have distributed funds to those clients that had made Erroneous Deposits (received by BBYL after the date of administration, which were made for a purpose which failed, for example in anticipation of future trading that did not occur).

‘Erroneous Withdrawal’ (EW) clients – We refer to our update of 22 November 2016 on proposed distributions in respect to Erroneous Withdrawals (margin calls made on 19 May 2015 in respect of Exchange Traded Options where BBYL did not settle its margin obligation with ASX Clear). These distributions have not yet been paid as a consequence of objections from certain representative defendants in the court proceedings, in light of a potential application to costs of the proceedings among the various classes of clients funds before distributions are made. We shall provide further updates on resolution of this matter.

Securities Exchanges Guarantee Corporation (SEGC) – On 23 May 2017 the SEGC issued a circular [PDF 510KB] inviting Equity and ETO clients of BBY Limited who might be eligible to claim compensation from the National Guarantee Fund (NGF) to lodge a claim. Clients should contact the SEGC directly on +61 2 8216 0231 or email segc@segc.com.au should you wish to lodge a claim.

 

21 February 2017

On 20 July 2016, the Court set a date of 31 January 2017 for the final hearing of the Liquidators’ application for directions in dealing with the client monies. The matter was heard in the Supreme Court of New South Wales over 4 days between 31 January and 3 February 2017. Key issues before the Court included how client entitlements should be calculated and how funds in client segregated accounts and recoveries should be distributed, including whether or not there should be pooling of some or all funds.

The parties to the proceedings included the Liquidators, four representative defendants appointed by the Court acting on behalf of various groups of former BBY clients and the Securities Exchange Guarantee Corporation Ltd as trustee of the ASX National Guarantee Fund. There were associated proceedings which included the Receivers and Managers. Evidence presented to Court included the two investigation reports prepared by the Liquidators as well as various affidavits and there was cross examination of one of the Liquidators as well as a former BBY manager. The parties made extensive submissions setting out their respective positions on matters before the Court.

The legal and factual issues are complex and we expect that the Court will require time to make a final determination and hand down orders in relation to how client monies in the CSAs and other client related recoveries should be dealt with and ultimately distributed. This process could take a number of months. We will continue to provide updates on this website.

At this stage clients do not need to take any further action and we do not require further documentation from clients. Prior to distribution of funds a claims adjudication process will occur which will include a process for the resolution of any disputed claims and client details will be verified. We will issue an email to clients and update this website when we are in a position to provide further information regarding this process. Further information regarding the court proceedings is set out in our report to creditors (PDF 1.03MB) dated 9 September 2016, a copy of which is available on this website.

 

13 December 2016

On 5 December 2016 the Supreme Court made orders (PDF 59KB) in the client monies court directions proceedings. Further information can be found under Client Monies: Court Directions Proceedings.

 

9 December 2016

Some former BBY clients have received an email dated 1 December 2016 from an advisor working for an international stockbroker based in Melbourne expressing concerns around our circular of 22 November 2016 including the procedure to verify client identities and update contact and banking information prior to processing of distributions in respect to the ‘erroneous withdrawals’ and ‘erroneous deposits’. We were not consulted prior to release of the email and did not endorse or authorise it. The email contains a number of factual inaccuracies and appears to have caused much concern among those who received it. It included a template email for clients to send to the Liquidators which contained factually incorrect and misleading information. We recommend clients treat similar emails from third parties with caution.

The verification process is a normal and prudent measure in situations such as this, which is necessary due to poor and incomplete BBY client records, as well as the passage of time since the commencement of the external administration of BBY Limited. It is being carried out to protect the interests of those clients entitled to participate in distributions and ensure only valid claims are accepted.

The email suggested clients had not previously received correspondence from the Liquidators. This is not correct. We have issued a number of client communications to over 30,000 clients based on the records of BBY Limited since our appointment. This circular of 22 November was posted by mail to all clients that were recorded as having claims to ‘erroneous withdrawals’ and ‘erroneous deposits’. A reminder notice will be issued to those clients this week by email. The stockbroker email also suggests that the Liquidators are obliged to issue a tax invoice to all clients in respect to various costs of the liquidation. This is not legally possible under relevant legislation and is not a normal procedure in a liquidation. As advised in our client circular of 15 September 2015, we recommend clients seek independent advice in relation to tax and audit matters as the circumstances of each individual will be different.

There are approximately 6,000 former clients of BBY Limited with claims in respect of client funds. It is costly and time consuming to correspond on an individual basis with clients however we endeavour to respond to all inquiries. Should you have any questions relating to the circular of 22 November 2016 please contact Link Market Services at bby@linkmarketservices.com.au or on +61 1300 868 464. Further details of the BBY external administrations in general can be found on the creditor information website at www.kpmg.com/au/bby. The website also contains key court documents, answers to frequently asked questions and other material. The website is updated on a periodic basis for material developments of interest to clients and creditors. Clients and creditors can also email general inquiries to bby@kpmg.com.au.

 

22 November 2016

On 22 November 2016, we issued a circular to clients (PDF 127KB) in respect of the erroneous withdrawals and erroneous deposits following the release of the 12 October 2016 orders issued by Justice Brereton of the Supreme Court orders relating to the client monies proceedings (PDF 65KB).

Please contact Link Market Services at bby@linkmarketservices.com.au if you are an erroneous withdrawal or erroneous deposit client and have not received correspondence from Link Market Services. All other clients impacted by the Liquidation of BBY Limited who do not have an erroneous withdrawal or erroneous deposit claim will be provided with an update on the status of their claim and the process by which a distribution will be made following the release of Justice Brereton’s final judgement. More information and a copy of the full orders are available in Client Monies and Court Proceedings.

 

9 November 2016

On 9 November 2016 Justice Brereton of the Supreme Court issued further orders in relation to the client monies court proceedings, a copy of the full orders are available in Client Monies and Court Proceedings.

 

18 October 2016

On 12 October 2016, Justice Brereton of the Supreme Court issued orders relating to the client monies proceedings (PDF 65KB) in respect of the erroneous withdrawals and the erroneous deposits. More information and a copy of the full orders is available in Client Monies and Court Proceedings.

 

30 September 2016

On 27 September 2016, Justice Brereton of the Supreme Court delivered a judgement (PDF 376KB) on the separate question and close out of open positions. In short the judgement answered in the negative in respect of the returned collateral and affirmative in respect of the erroneous withdrawal. Furthermore the liquidators would be justified in closing out open derivative positions held on the Interactive Brokers trading platform upon termination of the underlying client agreement. The balance (being prayers 2, 3 and 4) of the Interlocutory Process are adjourned to the final hearing of the proceedings. We are considering the consequences of the orders. More information and a copy of the full judgement is available in Client Monies and Court Proceedings.

9 September 2016

Each year during the winding up of a company liquidators, are required to either convene an annual meeting of creditors or lodge an annual report with ASIC, providing notice to creditors. Given the lack of funds in the liquidations to meet costs of holding a meeting for so many clients and creditors, we have elected to lodge this report with ASIC and publish a copy on the BBY creditor information website. Notification will be sent by email to approximately 30,000 former clients of BBY and by post to 400 possible creditors.

 

2 September 2016

The Court Orders made on 20 July 2016 required that each party file and serve on the other a summary of its contentions setting out the basis or alternative bases upon which that party says distribution shall be made. A copy of these summary contentions can be found at Client Monies: Court Directions Proceedings. A copy of the Liquidators' summary of contentions (PDF 130KB) is also available. Other parties to the proceedings have requested a 2 week extension to file their summary of contentions in reply.

 

8 August 2016

The Court Orders made on 20 July 2016 required that each party file and serve on the other a summary of its contentions setting out the basis or alternative bases upon which that party says distribution shall be made. A copy of these summary contentions can be found at Client Monies: Court Directions Proceedings.

 

20 July 2016

On 20 July 2016 the Supreme Court set a date to hold the substantive hearing in respect to an application by the Liquidators for directions as to the manner in which funds in client segregated accounts and recoveries should be distributed to former clients of BBY. The hearing has been scheduled to commence on 31 January 2017. Further information can be found under Client Monies: Court Directions Proceedings.

 

22 June 2016

Prior to the directions hearing on 22 June 2016, a representative defendant to the proceeding requested a 3 to 4 week adjournment in order to consider the liquidators' evidence, set out in our supplementary investigation report. That adjournment was consented to by all parties to the client monies proceeding and the Court adjourned these proceeding to 9:45am on 20 July 2016. The Receivers also sought an additional 2 weeks to file and serve further affidavit evidence in relation to their application. All parties to the client monies proceeding consented to that extension of time. Accordingly the Receivers' application was also adjourned to 9:45am on 20 July 2016.

 

15 June 2016

This is the Liquidators’ supplementary report to the Client Monies Investigations Report (“the CSA Report”) published on this website on 22 December 2015, which provides an update on the Liquidators’ investigations into the affairs of BBYL, including BBYL’s dealings with client monies and counterparties, with a view to providing further information to the Court and representative defendants in the proceeding. This supplementary report must be read in conjunction with the CSA Report. The report has been filed in the proceeding and served on each of the representative defendants, who represent the interests of various classes of creditors.

 

31 May 2016

In relation to the Liquidators’ investigations, the Supreme Court of New South Wales has granted the Liquidators leave to issue various Summons for Examinations and Orders for Production in relation to the examinable affairs of BBY. The examinations have been listed for hearing during 2 weeks from 12–23 September 2016.

 

30 May 2016

On 6 April 2016, the BBY Limited Committee of Inspection resolved that the Liquidators should enter into a litigation funding agreement with IMF Bentham Limited to facilitate recovery investigations. Refer to the 30 May 2016 Communication update: Recovery investigations.

On 27 May 2016, the Court ordered that the Liquidators file, serve and publish on the KPMG website any further affidavits on which they intend to rely by 14 June 2016 and that the proceeding be adjourned to 22 June 2016 at 10:00am for further directions.

On 30 May 2016, in relation to the Receivers' application, the Court ordered that the proceeding be adjourned to 22 June 2016. 

Refer to Client Monies: Court Directions Proceedings for further information.

 

18 April 2016

On 18 April 2016, the Court made the following orders to progress the Client Monies matter:

  • The Representative Defendants to serve any final requests for information on the Liquidators (Plaintiffs) by 26 April 2016; and
  • The Liquidators to file, serve and publish on the KPMG website any further affidavits (evidence) on which they intend to rely by 23 May 2016.

In relation to an application by the Receivers for payment from the Equities/ETO client segregated account of approximately $700,000 in debtor proceeds that had been deposited to that CSA the Court ordered that:

  • by 2 May 2016, the Receivers are to file and serve a statement of facts and contentions regarding their position; and
  • by 23 May 2016, the Liquidators and any Representative Defendant who wishes to oppose the Receivers’ application file and serve a statement of facts and contentions.

For details relating to the outcomes of recent Court hearings and related documents, refer to Client Monies: Court Directions Proceedings.

 

7 April 2016

On 6 April 2016 the BBYL Committee of Inspection, comprised of former clients and creditors, approved a funding agreement with IMF Bentham Limited (IMF). IMF issued an announcement to the Australian Stock Exchange on 7 April 2016 confirming the funding agreement. The agreement will support further investigations into the affairs of BBYL and, if appropriate, recovery actions. Further investigations will include public examinations of former company officers.

 

31 March 2016

At the Court hearing on 22 March 2016, certain matters were heard in relation to the ‘Separate Question’ defined at the 7 March 2016 hearing; judgement will occur at a later date. The remainder of the directions proceedings were adjourned to 18 April 2016. We expect that an amended timetable will be set for the ‘substantive’ proceedings for the rest of our application for directions to be considered. This should include dates for final evidence, submissions and the substantive directions hearing date. For details relating to the outcomes of recent Court hearings and related documents, refer to Client Monies: Court Directions Proceedings.

 

22 December 2015

The Liquidators have prepared a Client monies investigations report (PDF 2.37MB) dated 22 December 2015, with supporting documents, to detail the findings of our investigations as to the operation of the CSAs maintained by BBYL and its dealings with client monies including its dealings with counterparties.

 

21 December 2015

On 26 November 2015 the Supreme Court of New South Wales made orders extending the date for the Liquidators’ filing of evidence in the client monies directions proceedings to 21 December 2015. The Liquidators will be submitting its client monies investigation report to the Court and publishing on this website on 22 December 2015. The hearing date remains unchanged, being provisionally set down for 22 March 2016. Further details will be made available under Client Monies: Court Directions Proceedings.

 

27 November 2015

On 26 November 2015 the Supreme Court of New South Wales made orders extending the date for the Liquidators’ filing of evidence in the client monies directions proceedings to 21 December 2015. The hearing date remains unchanged, being provisionally set down for 22 March 2016. Further information can be found under Client Monies: Court Directions Proceedings.

 

6 November 2015

On 19 October 2015, the Supreme Court of NSW made various orders in relation to the Liquidators’ application for directions in relation to the distribution of client trust funds. Set out in the Client Monies: Court Directions Proceedings section are various court documents and further information relating to the directions application including a notice to creditors (PDF 90KB) dated 6 November 2015.

 

22 September 2015

On 18 September 2015, the Supreme Court of NSW made various preliminary orders in relation to the Liquidators’ application for directions in relation to the distribution of client trust funds. The matter is listed to be heard again on 19 October 2015. Set out in Client Monies: Court Directions Proceedings are various court documents and further information relating to the directions application.

 

1 September 2015

On 13 August 2015, the Liquidators commenced proceedings in the Supreme Court of NSW seeking a number of directions and declarations in relation to the distribution of client trust funds. The aim of the Court process is to clarify entitlements in respect of client accounts and monies received post appointment in one set of proceedings, thereby avoiding the unnecessary time and cost of multiple proceedings.

The matter was listed for directions on 17, 24 and 31 August 2015, when the Liquidators sought that the Court approve a form of communication to clients explaining the proceedings. The Court made various orders on 24 and 31 August 2015 but has not yet approved the proposed client communication. The matter is listed to be heard again on 14 September 2015.

 

24 August 2015

On 13 August 2015, the Liquidators commenced proceedings in the Supreme Court of NSW seeking a number of directions and declarations in relation to the distribution of client trust funds. The aim of the Court process is to clarify entitlements in respect of client accounts and monies received post appointment in one set of proceedings, thereby avoiding the unnecessary time and cost of multiple proceedings.

The matter was listed for directions on 17 and 24 August 2015, when the Liquidators sought that the Court approve a form of communication to clients explaining the proceedings. The Court made various orders on 24 August 2015 but has not yet approved the proposed client communication. The matter is listed to be heard again on 31 August 2015.

 

13 August 2015

On 13 August 2015, the Liquidators commenced proceedings in the Supreme Court of NSW seeking a number of directions and declarations in relation to the distribution of client trust funds. The aim of the Court process is to clarify entitlements in respect of client accounts and monies received post appointment in one set of proceedings, thereby avoiding the unnecessary time and cost of multiple proceedings.

A preliminary hearing was held on 17 August 2015 with a further hearing set down for 24 August 2015, to approve next steps and the form of a communication to clients explaining how the proceedings are expected to be managed and what this means for clients. Further information will be posted on this website.

 

22 June 2015

The second meetings of BBY Companies was on 22 June 2015 at 2:00PM (AEST) at the Sydney Masonic Centre. View the presentation slides (PDF 1.38MB) from the meeting.

 

12 June 2015

The second meetings of the BBY Companies have been convened to be held concurrently on 22 June 2015 at 2:00pm (AEST). Refer to the client circular and notice of meeting (PDF 112KB) for more information. The Administrators' report to creditors (PDF 3.2MB) has also been released.

27 May 2015

Meetings for each of the companies were held at the Grand Lodge Theatre, Sydney Masonic Centre, 66 Goulburn St, New South Wales on Wednesday, 27 May 2015 at 10:00am (AEST). A copy of the presentation is available.

 

22 May 2015

Meetings for each of the companies will be held at the Grand Lodge Theatre, Sydney Masonic Centre, 66 Goulburn St, New South Wales on Wednesday, 27 May 2015 at 10:00am (AEST).

BBY former clients are referred to our news update of 19 December 2017 below, regarding directions of the Court. We do not expect to report any further developments in the court proceedings before early March 2018.

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