Investments made with any company or entity in the Palandri Group of Companies as specified in Table 1 below
Exemption Date – refer to Table 1 below
ACTUAL INCOME AND ASSET DETAILS TO BE HELD
|
Asset Value |
Effective Date |
|
|
0% |
o — f the face value of the investment |
refer to Table 1 below |
|
Income Value |
||
|
0% |
no actual income is being paid |
refer to Table 1 below |
Note: Not a Ministerial Exemption. These investments are no longer classed as financial assets as this Group of Companies is in the process of irreversible wind up. See CLIK guidelines P10/C2/S4/Assessing Failed Loans and Debts.
TABLE 1: Palandri Group of Companies means those companies and entities listed below.
|
Name |
Effective Date |
|
Palandri Finance Limited (PFL) |
15 February 2008 |
|
Palandri Limited |
26 February 2008 |
|
Palandri Investment Management Limited (PIML) |
26 February 2008 |
|
Palandri Wines Limited (PWL) |
26 February 2008 |
|
Palandri Wine Production Limited (PWPL) |
26 February 2008 |
|
Margaret River Wine Investments Pty Ltd (MRWIPL) |
27 February 2008 |
The effective date is the date that the Administrator was appointed to the above companies and entities