Timbercorp appoints administrators

Debt-laden agribusiness investment firm Timbercorp has today appointed voluntary administrators, prompting concern for the managed investment scheme sector.


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As an investor in a 'tax saving' scheme it will be interesting how this unfolds...I may have saved tax but probably lose out on the investment...early days but most of these things wind up with the administrators taking a big slice of the funds, the banks don't miss out and of course the ol' finance brokers have already taken their healthy slice for giving us the recomendation...they certainly wouldnt be missing out and will flog the next best thing next week...I live in hope of a successful outcome thanks Timbercorp..

What does this mean for small investors?

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