Unitholder update – 24/12/2021

The Bankruptcy Trustee has issued updated income assessments to Mr Sullivan for certain income assessment periods that indicate there is an income contribution liability to his bankrupt estate. This is a result of obtaining legal advice given there was a divergent view between the trustee and Mr Sullivan on this matter.

The Bankruptcy Trustee continues to seek further information from Mr Sullivan and review the documents provided to date. He anticipates he will be in a position to approach Mr Sullivan with his queries in the new year.