ASIC seeks to wind up Perth company
The Australian Securities and Investments Commission (ASIC), has lodged an application with the Federal Court requesting the appointment of a provisional liquidator to wind up property development company Mortimer Close while preserving the assets of its director.
ASIC seeks to wind up the company on just and equitable grounds and to preserve the personal assets of sole director Mark Goldenberg.
ASIC’s action follows a number of complaints made by individuals who invested funds with Goldenberg on the understanding it would be used to develop land in Wellard, south of Perth.
The watchdog alleges that Goldenberg has mismanaged the company’s affairs and inappropriately used money from its bank account.
ASIC’s application aims to protect the interests of investors and the company.
The matter is listed for hearing before the Federal Court on December 16, 2008.
Recommended for you
A strong demand for core fixed income solutions has seen the Betashares Australian Composite Bond ETF surpass $1 billion in funds under management, driven by both advisers and investors.
As the end of the year approaches, two listed advice licensees have seen significant year-on-year improvement in their share price with only one firm reporting a loss since the start of 2025.
Having departed Magellan after more than 18 years, its former head of investment Gerald Stack has been appointed as chief executive of MFF Group.
With scalability becoming increasingly important for advice firms, a specialist consultant says organisational structure and strategic planning can be the biggest hurdles for those chasing growth.
