The Panel, Peter Hay, Rodd Levy (sitting President) and Alison Watkins, declined to make a declaration of unacceptable circumstances in relation to the affairs of Blackham Resources Limited. The application concerned contraventions of s6061 and the substantial holding provisions as a result of an alleged association between certain Blackham shareholders. The Panel considered that there was insufficient evidence of an association at this stage.

Introduction

1. The Panel, Ewen Crouch, Elizabeth Hallett and Robert Johanson (sitting President), made a declaration of unacceptable circumstances in relation to the affairs of Coppermoly Limited. The application concerned a 1 for 4 non-renounceable entitlement offer, fully underwritten by Jelsh Holdings Pty Ltd.

The Panel, David Friedlander (sitting President), Richard Hunt and John Story, declined to make a declaration of unacceptable circumstances in relation to the affairs of Billabong International Limited after Billabong and the Altamont Consortium amended certain terms of their agreements.