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:

  1. The ALAMMC Group – List of Companies
  2. Federal Court of Australia Appointment Orders (1 November 2024)
  3. Federal Court of Australia Orders - Brisbane (3 December 2024)
  4. Federal Court of Australia Orders - Adelaide (3 December 2024)
  5. Federal Court of Australia Appointment Order of ALAMMC 8 (19 February 2025)
  6. FAQs of Investors.

Investors

Investors were provided with a notification of our appointment on 8 November 2024. A further update to investors was issued on 17 December 2024.
 
If you are an investor of the listed companies above 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 investigations and obtain copies of the correspondence.

Entities not under the Receivers’ appointment

Our appointment as Receivers of the corporate entities is limited to the defendants outlined in the List of Companies above, which now extends to ALAMMC Developments 8 Pty Ltd (ALAMMC8) following orders of the Court on 19 February 2025. If you invested in an entity not listed, our appointment as Receivers does not cover that entity and we cannot comment on the financial position or administration status of such an entity.

In the event you invested in an entity not listed in the List of Companies but paid your investment into an account held by one of the defendants, you cannot be recorded as an investor of the defendant who received your investment deposit. You may be classified as another class of creditor.

  • Mountain Asset Partners Pty Ltd (In Liquidation) (Mountain Asset)
    The Receivers are not appointed to Mountain Asset.  We advise that Mountain Asset entered into Liquidation on 29 November 2024, with William Robson of Robson Cotter Insolvency Group appointed as Liquidator.  Investors with queries related to Mountain Asset are asked to contact Robson Cotter’s office on (07) 3270 8500.

ALAMMC Developments 8 Pty Ltd (ALAMMC 8)

On 19 February 2025, Andrew Fielding and Helen Newman were appointed Joint and Several Receivers to ALAMMC 8.

An update has been sent to known investors of ALAMMC 8 advising of the appointment of Receivers. If you have not received this update, we ask that you please contact our office.

We request that ALAMMC 8 investors provide details of their investments to our office. To do so please complete the online ‘Proforma Investor Reply Form’ set up for investors of ALAMMC 8 only. The online form can be accessed via the update sent to investors of ALAMMC 8 on 3 March 2025 or requested via email at ALAMMC.enquiries@bdo.com.au.  

If you have previously provided information about your ALAMMC 8 investment (such as Note Certificates) to our office, you are not required to send this information to our office again. However, we do ask that you complete the abovementioned form if you invested in ALAMMC 8.

Investors of ALAMMC 8 will be provided with the same ongoing updates from the Receivers as investors of the related ALAMMC companies.

Receivers’ Report

The Receivers’ report was lodged with the Federal Court of Australia on 25 February 2025.

The report contains material that is confidential and sensitive in nature, and as a result is not able to be shared with investors.

Next Update

The timeframe for the Court to consider the Receivers’ confidential report is not known. The future of the defendants (both corporate and non-corporate) and whether the current appointments remain in effect (and if so, in what form), is a decision for the Court.

We will provide a further update to investors once the decision of the Court is known.