Timbercorp Citrus Schemes

Company Name

Timbercorp Group of Companies (In Liquidation)

Type of Appointment

Creditors’ Voluntary Liquidation

Date of Appointment

23 Apr 2009

Appointees

Craig Shepard, Leanne Chesser, Mark Korda and Mark Mentha

Former Appointment Details

Liquidation: 29 June 2009

Appointment Contact

Timbercorp Hotline
T: +61 3 8623 3333

Relevant links
Creditors forms and information - Australia
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Purpose

The purpose of this page is to provide a central point of contact for the distribution of information to Grower Investors who have invested in the Citrus Schemes for which Timbercorp Securities Limited (In Liquidation) (“TSL”) acts as Responsible Entity (“RE”). The documents and information provided on this page will be updated on a regular basis. Grower Investors are urged to check this page in the first instance should they have any queries or would like an update as to the status of the Citrus Schemes.

Current status

  • Court action has been commenced against borrowers who are in default and refuse to bring their loan arrears up to date
  • TSL continues to be the Responsible Entity of the Citrus Schemes
  • Grower Investors retain an entitlement to available harvest proceeds and these will be distributed in due course

Distribution of 2009 Harvest Proceeds

  • Harvest of the 2009 crops has been completed and the proceeds received
  • Distributions commenced in September 2011.

Document downloads

Current Status

Distribution of 2009 Harvest Proceeds

Frequently Asked Questions

Citrus Compromise Proceedings

Court Proceedings - Application for directions (Kangara)

Court Proceedings - Application for directions (Solara)

Hearing to challenge the validity of scheme meetings

Media Releases & Communications

Current Compromises

  • In 2014, compromises were reached to the disputes between Growers, secured lenders and land owners in relation to their respective entitlements to the net sale proceeds of the assets used in the:

    • Timbercorp Table Grape Projects; and
    • Timbercorp Citrus Project.

    This section contains the documents relating to the Timbercorp Citrus Project Compromise and other information for Growers in relation to this Compromise.

Court Documents