The Panel, Christian Johnston, John Sheahan QC (sitting President) and Sharon Warburton, made a declaration of unacceptable circumstances in relation to the affairs of Benjamin Hornigold Limited because the placement of foreign currency banknotes by Benjamin Hornigold with King's Currency Exchange Pty Ltd effectively replaced a loan the subject of a previous order of the Panel and, individually and in conjunction with an extension of the period for the return of all banknotes placed by Benjamin Hornigold with King's Currency, operated as a lock-up device in relation to John Bridgeman's off-market takeover bid for Benjamin Hornigold.

The Panel, Amy Alston, Marissa Freund and Bruce McLennan (sitting President), declined to conduct proceedings on an application by Bentley Capital Limited and Messrs William Johnson, Simon Cato and Farooq Khan in relation to the affairs of Keybridge Capital Limited.