The Australian Securities and Investments Commission has commenced proceedings in the Federal Court to wind up of another 15 companies related to the collapsed Westpoint Group.
The corporate regulator is looking to appoint liquidators the companies:
1. Forestview Nominees Pty Ltd (receiver and manager appointed)
2. Bowesco Pty Ltd (receiver and manager appointed)
3. Eastlands Pty Ltd
4. Goldtag Pty Ltd (controller appointed)
5. Westpoint Money Management Pty Ltd
6. Asset Build (Aust.) Pty Ltd
7. Cinema City Development Pty Ltd
8. Westpoint Consulting Group Pty Ltd
9. Jetstone Pty Ltd
10. Network Company Pty Ltd
11. Pagelight Nominees Pty Ltd
12. Kingdream Pty Ltd (receiver and manager appointed)
13. Juson Pty Ltd ACN
14. Bridgeview Holdings Pty Ltd
15. Westside Brisbane Developments Pty Ltd
According to ASIC, Norm Carey is recorded in ASIC’s database as the ultimate shareholder of these companies except for Westpoint Money Management, Pagelight Nominees, Kingdream, Juson and Westside Brisbane Developments.
The sole shareholder of each of those five companies is Westpoint Corporation Pty Ltd, which is in liquidation.
Carey is also recorded as a director of all companies except Bowesco, where his sister Karen Carey is a sole director.
The applications will return to court on August 11, 2006 for a directions hearing.
By Kathryn O’Meara
