Allco Principal Trust and Allco Principals Investments Pty Ltd have entered into voluntary administration.
As flagged by Money Management on Friday, the Allco vehicle announced to the Australian Securities Exchange today that it had appointed Stephen James Parbery, Mark Julian Robinson and Christopher Clarke Hill of PBB under deed of appointment as administrators of the company.
The announcement noted that the administration arrangements applied to a range of subsidiaries of Allco Principals Trust. Among those subsidiaries are Allco Aviation Lease Surety Co Pty Ltd, Allco Principals Property Pty Ltd and Allco Principals Property Development Pty Ltd.
