Ludowici Limited 01R(a) and (b)

The review Panel, Graham Bradley AM (sitting President), Norman O'Bryan AM SC and Mike Roche, declined to conduct proceedings in relation to two review applications made following a declaration of unacceptable circumstances in relation to the affairs of Ludowici Limited that the initial Panel made in Ludowici Limited [2012] ATP 3. The review Panel agreed with the initial Panel and considered that there was no reasonable prospect of the review Panel coming to a different conclusion.

Real Estate Capital Partners USA Property Trust – Panel Receives Application

The Panel has received an application from Intelligent Investor Funds Pty Ltd in relation to the affairs of the Real Estate Capital Partners USA Property Trust.  The application concerns a 0.98 for 1 renounceable rights issue, announced by the responsible entity1 of Real Estate on 1 March 2012, to raise approximately $20 million at 40 cents per unit.