The founder and two associates of the Sterling Income Trust are facing criminal charges over the collapsed property investment and management group's schemes.
ASIC has defended its handling of concerns raised ahead of the Sterling First collapse, while confirming the company's conduct could warrant criminal charges.
The Federal Court has found Sydney-based Theta Asset Management contravened federal law by issuing defective product disclosure statements for now-defunct investment group Sterling First.
A former director of property management business Sterling First, which entered administration last year, has been contracted to insolvency firm Mackay Goodwin.
The corporate regulator has started court action against Sydney-based company Theta Asset Management and its director Robert Marie over Theta's role as responsible entity for one of the main businesses in the collapsed Sterling First property group.
Fremantle's Yolk Property Group is poised for further interstate expansion following its acquisition of national property management business Rental Management Australia.
Ferrier Hodgson has launched a quickfire sale of Rental Management Australia, one of 12 businesses associated with fund manager Sterling First that went into administration earlier this month.
Administrators have been called in to 12 companies under the umbrella of South Perth-based Sterling First, which claims to have a residential property portfolio of $900 million.
