View Full Version : Court delays possible Ansett payments

22nd Jan 2003, 06:29
An update for former Ansett employees Update 07
21 January, 2003

Dear former employee,

UPDATE ON SUPREME COURT SUPERANNUATION CASE: The Supreme Court reconvened yesterday Monday 20th January, 2003, and submissions were made regarding the judgment and orders.

The Court was advised that there are some outstanding matters to be completed, prior to orders being handed down. The case was therefore adjourned until the 4th February, 2003.

We are hopeful that orders will be made on the 4th February, 2003, following which the appeal time will start running immediately (21 days in which an appeal notice can be lodged).

As previously advised, if the Trustees of the Ansett Australia Ground Staff Superannuation Plan do not appeal, we intend to pay Instalment 1, being 10% of redundancy greater than 8 weeks, within 5 business days of the appeal expiry date.

Mark Korda
Administrator Mark Mentha

Buster Hyman
22nd Jan 2003, 10:59
...With interest, of course....NOT! :mad:

29th Jan 2003, 15:40
The burst below is from the ASU website. Anyone know the about the company mentioned?

We understand from the Administrators that further asset sales are proceeding. A US based company owned by Ansett which was in Chapter 11 (i.e. bankruptcy) has now been taken out of bankruptcy and can be sold. There are a number of interested parties and this is an important asset for the Administrators to sell.

29th Jan 2003, 21:04
What? You mean AirNZ hadn't sold it already?

Jeesh, they are slipping.


Shall remove tongue from cheek now.