IFS Construction Services Limited - Variation to Orders

The Panel made a declaration and final orders on 17 August 2012 in response to an application dated 27 July 2012 by three shareholders1 in IFS Construction Services Limited in relation to the affairs of IFS (see TP12/58).

The Applicants and ASIC sought an order that their costs in relation to the proceedings be paid by IFS. The Panel indicated to the parties that it was still considering the question of costs and invited further submissions from the parties.