The Panel today published the reasons for its decision on an application dated 25 September 2013 from the Australian Mortgage Acquisition Company Pty Ltd and Resimac Limited in relation to the affairs of RHG Limited.

The Panel made a declaration of unacceptable circumstances on 7 October 2013 in relation to an application dated 5 September 2013 by Sidan Super Pty Ltd as trustee for the Sidan Superannuation Fund in relation to the affairs of Avalon Minerals Limited (see TP13/48).

The Panel has made a declaration of unacceptable circumstances (Annexure) in relation to an application dated 5 September 2013 by Sidan Super Pty Ltd as trustee for the Sidan Superannuation Fund in relation to the affairs of Avalon Minerals Limited (see TP13/42, 43, 44 and 46).

The Panel has declined to conduct proceedings on an application dated 25 September 2013 from Australian Mortgage Acquisition Company Pty Ltd and Resimac Limited (together the Resimac Syndicate) in relation to the affairs of RHG Limited (see TP13/45).

The President of the Panel made interim orders in this matter on 9 September 2013. The Panel varied those interim orders on 10 September 2013 following a request from Avalon Minerals Limited.

The Panel has received an application from Resimac Limited and Australian Mortgage Acquisition Company Pty Limited (together the Resimac Syndicate) dated 25 September 2013 in relation to the affairs of RHG Limited. RHG is currently party to a merger implementation deed with the Resimac Syndicate under which the Resimac Syndicate would acquire 100% of RHG shares. RHG has received a competing proposal from Pepper Australia Pty Limited and Cadence Capital Limited.

The President of the Panel made interim orders in this matter on 9 September 2013 (see TP13/43).

The President of the Panel has made interim orders in response to an application dated 5 September 2013 by Sidan Super Pty Ltd as trustee for the Sidan Superannuation Fund in relation to the affairs of Avalon Minerals Limited.