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  4. Warning: Be wary of unsolicited offers from Ross Investments (Aust) Pty Limited

Warning: Be wary of unsolicited offers from Ross Investments (Aust) Pty Limited

The Financial Markets Authority advises investors that Ross Investments (Aust) Pty Limited (or an associated person) is requesting copies of the debenture holder register from Dominion Finance Group Limited (In Receivership & In Liquidation) and possibly copies of registers of other issuers, potentially with a view to making unsolicited offers for securities held by investors.

Ross Investments (Aust) Pty Limited and its director Mr Robert Ross were convicted in the District Court at Auckland in April 2006 for breaches of the Fair Trading Act 1986 in relation to unsolicited offers to purchase securities in two New Zealand companies.  In September 2007 the High Court of Australia in Melbourne declared that Ross Investments (Aust) Pty Limited and Mr Ross contravened the Australian Corporations Act 2001 in relation to unsolicited offers for securities in Australian companies. 

The Financial Markets Authority urges you to treat any offers from Ross Investments (Aust) Pty Limited and any associated person with great caution.

It is possible that any offer to purchase your investment will be for less than what your investment may be actually worth.

Before you accept any offers the Financial Markets Authority urges investors to carefully read the Financial Markets Authority guidance for investors who receive unsolicited offers, which can be found here.

Make an informed decision - seek advice from an authorised financial adviser, a Community Law Centre or Citizen's Advice Bureau.