Ross investors upset at distribution plan

In their most recent update, liquidators said they had $18.8 million on hand and were in a position to distribute $17.5m.

But they need the court to determine how that can be done – and whether it can advise them to distribute the money with anything other than a net contribution model - giving it back to investors and creditors according to the money owed.

The liquidators said it could be considered fairer to implement an alternative model, taking into account any payments of capital that investors received before the failure of the firm, or a rising tide model, in which the liquidators tried to evenly spread loss across all investors with higher distributions to those who had lost a greater proportion.

But Judge Kenneth Johnston ruled that a net contribution model was the approach that should be taken.