Panel Declines Application in Relation to Advance Property Fund

The Takeovers Panel advises that it has today resolved not to make a declaration of unacceptable circumstances in relation to the affairs of Advance Property Fund (Advance ). This follows an application by Mirvac Funds Limited (Mirvac ) on 18 September 2000 for such a declaration.

The members of the sitting Panel are Ian Ramsay (sitting President), Alice McCleary (deputy President) and Jennifer Seabrook.