Environment
MIS debt crisis deepens
Peter Hunt Weekly Times
MANAGED investment scheme investors are struggling to repay Timbercorp and Great Southern Ltd loans in the midst of the current financial crisis. Timbercorp’s 2008 statutory accounts, released last week, show a surge in overdue loan repayments on the $481 million it has lent to investors. The accounts show Timbercorp holds $62.6 million of loans with overdue amounts, compared to $44 million in 2007. Read more here
And
End excesses of MIS past