The ALAMMC Group (Receivers Appointed)
The ALAMMC Group (Receivers Appointed)
Appointment
On 1 November 2024 and 19 February 2025, Andrew Fielding and Helen Newman were appointed Joint and Several Receivers to the ALAMMC Group.
Further information regarding ASIC’s investigations is available on ASIC’s website: https://asic.gov.au/about-asic/asic-investigations-and-enforcement/enforcement-activities/alammc-developments/
For all investor enquiries, please email ALAMMC.enquiries@bdo.com.au or leave a message on (07) 3811 4444.
Further Information:
- The ALAMMC Group – List of Companies
- Federal Court of Australia Appointment Orders (1 November 2024)
- Federal Court of Australia Orders - Brisbane (3 December 2024)
- Federal Court of Australia Orders - Adelaide (3 December 2024)
- Federal Court of Australia Orders – Appointment of AD8 Receivers (19 February 2025)
- Supreme Court of Queensland Orders – Appointment of AD8 Liquidators (20 March 2025)
- Federal Court of Australia Report release (25 March 2025)
- FAQs of Investors.
Investors
Investors were provided with notifications of our appointments on 8 November 2024. A further update to investors was issued on 17 December 2024 and 7 April 2025.
If you are an investor of the listed companies in the above item 1 (List of Companies), and you have not received any of the abovementioned correspondence from the Receivers, we ask that you please contact this office by email at ALAMMC.enquiries@bdo.com.au as soon as possible to assist the Receivers in their ongoing investigations and obtain copies of the correspondence.
ALAMMC Developments 8 Pty Ltd (AD8)
On 19 February 2025, Andrew Fielding and Helen Newman were appointed Joint and Several Receivers to AD8.Investors of AD8 were provided with a notification of the Receivers’ appointment on 3 March 2025. If you have not received this update, we ask that you please contact our office.
On 20 March 2025 the Supreme Court in Queensland ordered that AD8 be wound up, and that Andrew Fielding and Helen Newman be appointed Joint and Several Liquidators. The Liquidators’ appointment made by the Supreme Court will run in conjunction with the Receivers’ appointment made under the Federal Court until the Federal Court makes further orders in that regard.
Receivers’ Reports
The first Receivers’ report for Defendants one to fifteen was submitted to the Federal Court of Australia on 25 February 2025. The second Receivers’ report for Defendant sixteen (AD8) was submitted to the Federal Court of Australia on 17 March 2025.
On 25 March 2025 the Receivers received permission from the Court to provide a copy of the redacted report in respect of defendants 1 – 15 to Investors. A redacted copy was sent to investors on 7 April 2025. The Receivers’ report in respect of AD8 was also provided to relevant investors (in an unredacted form) on the same date.
Next Update
The future appointment of the Receivers and Managers and Receivers will remain in effect until further orders are made by the Court, subject to any applications by ASIC. We are not able to provide information as what orders may be sought by ASIC or any associated timeframes.
We will provide a further update to investors once the decision of the Court is known.