Gippsland Secured Investments Ltd.

(RECEIVERS AND MANAGERS APPOINTED) (GSI)


Adam Nikitins and Simon Cathro, Partners of Ernst & Young, were appointed Receivers and Managers of Gippsland Secured Investments Ltd. (GSI) on 3 September 2013.


The Trust Company (Nominees) Limited is the Trustee for the note holders of GSI and holds a charge over all assets and undertakings of GSI. The Trustee appointed Receivers and Managers as a result of GSI defaulting under the terms of the Trust Deed and charge and pursuant to Federal Court orders handed down on 2 September 2013.


Updates for GSI note holders, other creditors and borrowers will be provided on this website as soon as they are available.


The Receivers and Managers have established an information hotline with the assistance of Link Market Services. Link Market Services will be assisting with note holder enquiries, mailing correspondence, distributing payments and other logistical matters.


The hotline number is 1300 551 378. Alternatively, emails can be sent to gsi@linkmarketservices.com.au


Recent Updates


1 August 2014: Closure of GSI Head Office - download.


22 April 2014: Letter Accompanying 3rd Distribution Payment to Note Holders - download.


22 April 2014: Receivers' Remuneration Update - link.


17 April 2014: ASIC Notice on AGM Extension - download.


7 April 2014: Receivers' Remuneration Update - link.


20 March 2014: Circular to Note Holders - Sale of loan book, third distribution and upgraded returns - download.


20 March 2014: Update to Borrowers - Sale of loan book - download.


18 March 2014: Trustee Media Release - Sale of Loan Book - download.


3 March 2014: Financial reporting exemption - download.


24 February 2014: Circular to Noteholders - Update - download.


7 February 2014: Trustee Cost Reimbursements - link.


5 February 2014: Circular to Note Holders - Update - download.


3 February 2014: Receivers' Remuneration Update - link.


16 January 2014: Circular to note holders - Trustee Fee Update - download.


6 January 2014: Receivers' Remuneration Update - link.



Previous Updates


19 December 2013: Circular to note holders - Trustee Fee - download.


9 December 2013: Additional questions from Note Holder information sessions - download.


7 December 2013: ASIC Notice on AGM Extension - download.


28 November 2013: Updated advice from the Department of Human Services - download.


28 November 2013: Information circular to Note Holders - details of a second interim distribution and update - download.


27 November 2013: Receivers' Remuneration Update - link.


22 November 2013: Updated advice from the Department of Human Services - download.


19 November 2013: Trustee Media Release - download.


7 November 2013: Receivers' Remuneration Update - link.


18 October 2013: Note Holder Information Session Recording - link.


7 October 2013: Note Holder Committee Charter - download.


4 October 2013: Trustee's Report to Note Holders - download.


4 October 2013: Trustee Media Release - download.


4 October 2013: Trustee Fee Letter - download.


Copy of correspondence to be mailed 4 October 2013 including details of the first report to note holders, 2 October 2013 - download.

Trustee Media Release, 27 September 2013 - download.


Announcement of Interim Distribution, Note holder Information Sessions and Note Holder Committee, 27 September 2013 - download.


Account Statement Letter to Note Holders, 19 September 2013 - download.


Hardship Statutory Declaration Requirement, 17 September 2013 - download.


Assistance from the Department of Human Services, 4 September 2013 - download.


Note Holder Hardship Claims, 4 September 2013 - download.


Note Holders Frequently Asked Questions, 4 September 2013 - download.


Circular to Note Holders, 4 September 2013 - download.


Initial Circular to Borrowers, 4 September 2013 - download.


Trustee Media Release, 3 September 2013 - download.