Multiplex Prime Property Fund 03R - Panel Declines to Conduct Proceedings and Publishes Reasons

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The review Panel has declined to conduct proceedings on an application from Australian Style Investments Pty Ltd dated 29 October 2009. Australian Style sought a review of the initial Panel's decision (see TP09/85).

The initial Panel accepted supplementary disclosure and an undertaking from Brookfield Multiplex Capital Management Limited, the responsible entity of the Fund, and declined to make a declaration of unacceptable circumstances in respect of an application dated 9 October 2009 from Australian Style in relation to the affairs of the Multiplex Prime Property Fund (see TP09/84).

The review Panel agreed with the decision of the initial Panel.

The Panel's reasons can be found on the Panel's website.

The sitting Panel was Norman O'Bryan AM SC (sitting President), Jennifer Seabrook and Geoff Brunsdon.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3597