Cash for some Access clients
Relief is in sight for some clients of collapsed internet broker Access Brokerage.
Monday, September 13th 2004, 3:53AM
by The Landlord
Liquidator Michael Stiassny said last night that he expected $13 million held in UDC Finance accounts to be available today.That left $34 million frozen in BNZ accounts.
Stiassny said: "BNZ accounts have a different structure and we are continuing to work on that issue."
The total of $47 million is $4 million more than previous indications.
UDC accounts were used to hold Australian dollars for Access clients.
Access - which is controlled by former Olympic Committee chief Bill Garlick - yesterday appointed Stiassny and Brendon Gibson as liquidators, expanding their previous powers as interim liquidators.
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