Client Monies Investigation Report and supporting documents

BBY Client Monies Investigation Report

Details of the Liquidators' Client Monies Investigation Report submitted to the Supreme Court of NSW on 22 December 2015.

Details of the Liquidators' Client Monies Investigation Report submitted on 22/12/2015.

On 13 August 2015, the Liquidators commenced proceedings in the Supreme Court of New South Wales seeking a number of directions and declarations in relation to the treatment and distribution of client funds (the Proceedings).

The directions and declarations sought from the Court in the Proceedings are in respect of each client's entitlement to the funds held in the CSAs and any related recoveries.



Client Monies Investigation Report

We have prepared a report and supporting documents to detail the findings of our investigations as to the operation of the CSAs maintained by BBYL and its dealings with client monies including its dealings with counterparties. Refer to BBY Client Monies Investigation Report (PDF 2.3MB): 22 December 2015.


Client Monies Affidavit

In addition to the client monies investigation report, the Liquidators have also lodged a supporting affidavit on 23 December 2015 in relation to the client monies. Refer to Client Monies Affidavit (PDF 6.3MB) : 23 December 2015. Further appendices in relation to the affidavit can be found below from Appendix 72 to Appendix 138.


Next steps

Refer to the Client Monies: Court Directions Proceedings page for latest news on the directions proceeding.



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