Court bans Dunk Island redeveloper from advertising two investment products
by Ben Butler from on (#527FK)
Australia's corporate regulator had raised concerns about Mayfair 101's solvency
A court has banned the high-profile group behind the redevelopment of the stricken Dunk Island resort, Mayfair 101, from advertising two of its investment products after the corporate regulator raised concerns about the group's solvency.
On Thursday afternoon, federal court judge Stewart Anderson also ordered Mayfair 101 not to compare its products to bank term deposits and put a notice on its website alerting potential investors to the risk of placing money with it.
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