The ALAMMC Group (Receivers Appointed, Receivers & Managers Appointed, or Liquidators Appointed)

Current Status

Andrew Fielding and Helen Newman are the appointed Receivers or Liquidators to eighteen companies, and Receivers and Managers to two individuals pursuant to various Orders of the Court(s).

Three reports have been lodged with the Federal Court pursuant to the various appointments, as set out below:

• The First Report regarding the First to Fifteenth Defendants dated 25 February 2025;
• The Second Report regarding the former Sixteenth Defendant (now in liquidation) dated 14 March 2025; and
• The Third Report regarding Island Resort QLD Pty Ltd (Receivers Appointed)(IRQ) and Adapted Living Corp Pty Ltd (Receivers Appointed)(ALC) dated 6 June 2025.

The appointment of Receivers to IRQ and ALC was made following the petition of the Australian Securities and Investment Commission (ASIC), post the lodgement of the First Report.  The Receivers’ investigations have not identified any direct investments by investors into either IRQ or ALC.

The Receivers/Receivers and Managers are presently awaiting an update from the ASIC regarding the timing of its next Court application regarding the future of the respective Defendants.

Next Update

The current appointments as Receivers, and Receivers and Managers, will remain in effect until further orders are made by the Court. We are not able to provide information as what orders may be sought by the ASIC or any associated timeframes.

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

For anyone wishing to follow the ASIC’s case against the Defendants more closely, the ASIC provides regular updates on the ASIC web page here: https://asic.gov.au/about-asic/asic-investigations-and-enforcement/enforcement-activities/alammc-developments/

For investor enquiries, please email ALAMMC.enquiries@bdo.com.au or leave a message on (07) 3811 4444.

Documentation

• The ALAMMC Group – List of Companies and Individual Defendants
• Federal Court of Australia Appointment Orders (1 November 2024)
• Federal Court of Australia Orders - Brisbane (3 December 2024)
• Federal Court of Australia Orders - Adelaide (3 December 2024)
• Federal Court of Australia Orders – Appointment of AD8 Receivers (19 February 2025)
• Supreme Court of Queensland Orders – Appointment of AD8 Liquidators (20 March 2025)
• Federal Court of Australia Report release (25 March 2025)
• Federal Court of Australia Orders – Appointment of IRQ and ALC Receivers (28 April 2025)
• FAQs of Investors.

Investors

Investors have been provided with notifications and updates during the course of the appointments.

If you are an investor in any of the listed companies in the above document (The ALAMMC - List of Companies and Individual Defendants), and you have not received correspondence our office, we ask that you please send your request by email to ALAMMC.enquiries@bdo.com.au.

This page was last updated on: 24 July 2025