July 17, 2017 BY Valentina Kirilova

ASIC to wind up land banking scheme VKK Investments Unit Trust

ASIC announced that has commenced proceedings in the Federal Court of Australia to wind up a land banking scheme known as the VKK Investments Unit Trust (VKK scheme), as well as the trustee and operator of the scheme, Gem Management Group Pty Ltd (Gem). The VKK scheme owns land located at 64 Hutton Road, Keysborough…

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