今日热门事件

media release (17-394MR)

今日热门事件acts to appoint provisional liquidator to the Benchmark Private Wealth companies

Published

今日热门事件has obtained orders from the Supreme Court of Queensland appointing Mr Michael McCann of Grant Thornton as a provisional liquidator to five companies within the Benchmark Private Wealth Group. These are:

1.聽聽聽聽聽聽 Benchmark Private Wealth Pty Ltd;

2.聽聽聽聽聽聽 Benchmark Wealth Property Services Pty Ltd;

3.聽聽聽聽聽聽 Benchmark Private Wealth Holdings Pty Ltd;

4.聽聽聽聽聽聽 OSK Developments Pty Ltd; and

5.聽聽聽聽聽聽 Young Corporation (NSW) Pty Ltd.

今日热门事件applied for and obtained the orders on an ex parte basis as a part of an ongoing investigation into the Benchmark Private Wealth Group.

今日热门事件sought the orders due to solvency concerns about the companies and about their management by the director, Liam Young. 今日热门事件is also concerned about transactions entered into with a number of other companies which were a part of the Members Alliance Group and the director of those other companies, Richard Marlborough.聽聽聽聽聽

The orders require the provisional liquidator to provide a detailed report to the Court within 45 days that sets out, among other things, the financial position of each of the companies so the Court can consider whether it ought to make orders to wind up the companies.

The orders were made on 3 November 2017. No future court date has been set.

Background

The Members Alliance Group was a group of companies operating on the Gold Coast which went into external administration in July 2016. On 13 July 2017, Jason Bettles and Raj Khatri of Worrells themselves sought and obtained orders from the Supreme Court to be replaced as liquidators of a number of Members Alliance Group companies by Michael McCann of Grant Thornton.

Editor's note:

On 23 March 2018, the Benchmark Group of Companies were placed into liquidation. The respondents did not oppose this relief. 今日热门事件discontinued its winding up application against Boundary Street Legal Pty Ltd.