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As many as 3500 investors in the Provident Capital's Fixed Term Investment fund have been left stranded after Phil Carter, Tony Sims and Marcus Ayres of PPB Advisory were last night appointed by the Federal Court of Australia as Receivers of Provident Capital Limited.
who are the Provident Capital debenture holders
they are
To be eligible to enter into the scheme, applicants must be individuals 60 years of age or over, and have equity in their own home or another residential investment property that the Investor owns (the Property). The scheme may be entered into by either an individual applicant or joint applicants, where a home is owned jointly. Where there are joint applicants all parties must be 60 years of age or over.