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Forest Enterprises Australia Ltd
Case information
| Appointment | |
| Appointment type: | Receivership |
| Appointment date: | 14 April 2010 |
| ACN: | 009 553 548 |
| Appointee(s): | Tim Norman and Sal Algeri |
| Office: | Melbourne |
| Enquiries: | Investor and creditor enquiries Please contact the administrators Tel: 1300 229 266 Website Grower Borrower enquiries Please contact the receivers: Tel: 1800 220 547 Customer, supplier and employee enquiries Please contact the receivers: |
Background information
FEA is an ASX-listed forestry and forest products company formed in 1985 that operates across the timber processing and agribusiness industries.
Deloitte partners Tim Norman and Sal Algeri have been appointed as Receivers and Managers of Forest Enterprises Australia Limited (FEA) (ASX Code: (FEA)) and wholly owned subsidiary FEA Carbon Pty Ltd (FEAC) on 14 April 2010.
Mr Norman and Mr Algeri have also been appointed as 'agents for the mortgagee in possession' of Tasmanian Plantations Pty Ltd (TP), another wholly owned property holding subsidiary of FEA all on 14 April 2010.
FEA Plantations Limited (FEAP) entered voluntary administration on 14 April 2010 and is controlled by BRI Ferrier. FEAP is a 100% owned subsidiary of FEA and is the responsible entity for the 17 forestry Managed Investment Schemes (MIS).
New Court Application – September 2011
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FEA Letter to growers generally – 1995 to 2009 30 September 2011 |
Court application
The Receivers of FEA have made two applications to the Federal Court relating to land leased by FEA from external landowners and land leased by FEAP from entities within the FEA Group. Judgements have been handed down in both applications.
The Receivers have successfully appealed the judgement in respect of the land leased by FEAP from entities within the FEA Group. BRI Ferrier has given notice that it intends to appeal to the High Court.
Black Tree proposal correspondence
Correspondence from Forest Enterprises Australia Limited Receivers to Black Tree regarding the Black Tree proposal.
