The Australian Securities and Investments Commission has commenced proceedings in the Federal Court seeking the winding up of another 15 companies related to the collapsed Westpoint Group and the appointment of liquidators to those companies.
ASIC contends that the following companies are insolvent:
Forestview Nominees Pty Ltd (receiver and manager appointed)
Bowesco Pty Ltd (receiver and manager appointed)
Eastlands Pty Ltd
Goldtag Pty Ltd (controller appointed)
Westpoint Money Management Pty Ltd
Asset Build (Aust.) Pty Ltd
Cinema City Development Pty Ltd
Westpoint Consulting Group Pty Ltd
Jetstone Pty Ltd
Network Company Pty Ltd
Pagelight Nominees Pty Ltd
Kingdream Pty Ltd (receiver and manager appointed)
Juson Pty Ltd ACN
Bridgeview Holdings Pty Ltd 1
Westside Brisbane Developments Pty Ltd
Mr Norman Phillip Carey is recorded in ASIC's database as the ultimate shareholder of these companies except for Westpoint Money Management, Pagelight Nominees, Kingdream, Juson and Westside Brisbane Developments.
The sole shareholder of each of those five companies is Westpoint Corporation Pty Ltd (in liquidation).
Mr Carey is also recorded as a director of all companies except Bowesco, where Ms Karen Carey is a sole director.
The applications will return to court on 11 August 2006 for a directions hearing.
