The Federal Court has ordered that Ascent Investment and Coaching Pty Ltd (Ascent) be wound up on just and equitable grounds, together with the managed investment scheme operated by Ascent.
The orders follow freezing orders obtained by ASIC against Ascent and its director, Michael Dunjey, in December 2021 (21-352MR) and ASIC's application to wind up Ascent in March 2022 (22-036MR).
Matthew Donnelly and Sean Holmes of Deloitte Financial Advisory Pty Ltd were appointed as liquidators to Ascent and the managed investment scheme. Mr Donnelly and Mr Holmes were also appointed receivers over the Ascent Trust.
The Federal Court's reasons and certain orders are currently subject to a non-publication order. A redacted copy of the Court's orders is linked to this media release. The Court will consider whether the non-publication order should be lifted at a future hearing.
ASIC's investigation into Ascent is continuing.
