15 March 2010 | ASIC has cancelled City Pacific’s Australian financial services licence as the company continues to wind up.
18 November 2009 | Balmain Trilogy has announced a big write-down for Pacific First Mortgage Fund, and has attributed blame to the former responsible entity, City Pacific.
4 August 2009 | Receivers and managers have been appointed to troubled City Pacific following the loss of its First Mortgage Fund.
29 July 2009 | Following the recent restructure, the role of group executive property development finance no longer exists.
14 July 2009 | Judge says matter should be resolved quickly to avoid leaving shareholders in limbo.
6 July 2009 | A verification count by City Pacific has found that Balmain Trilogy did not receive the required 50 per cent of votes by unitholders of the City Pacific First Mortgage Fund to remove City Pacific as its responsible entity.
1 July 2009 | Balmain Trilogy has lodged a notice with the Australian Securities and Investments Commission under the Corporations Act requiring the regulator to register Trilogy as the new responsible entity of the City Pacific First Mortgage Fund.
26 June 2009 | City Pacific is disputing Balmain Trilogy's claim that it received an overwhelming number of votes from unit-holders yesterday to replace it as the responsible entity for the First Mortgage Fund on the basis of alleged disparities in proxy votes.
25 June 2009 | Balmain Trilogy won approval in the Queensland Federal Court yesterday to hold a meeting to today in an attempt to have City Pacific ousted as the responsible entity of the embattled City Pacific First Mortgage Fund.
23 June 2009 | The argument over the management of the First Mortgage Fund will be heard in the Queensland Federal Court today, as the deadline for lodging proxy votes also arrives.
15 June 2009 | Rival fund manager Balmain Trilogy aims to replace City Pacific as fund manager, 97 per cent of votes received in favour.
25 May 2009 | Balmain Trilogy has taken another step in its campaign to gain control of the City Pacific Mortgage Fund, with a vote scheduled in Brisbane for late next month.