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Eades Self-Managed Super Fund Receivership Appointment

The Federal Court of Australia appointed Bruce Gleeson as trustee and receiver-manager over property held by Stephen Philip Eades and Dianne Eades on trust for the Eades Superannuation Fund (ABN 73 813 825 934), finding the respondents are undischarged bankrupts and disqualified persons under the Superannuation Industry (Supervision) Act 1993. The respondents must deliver vacant possession of the property at 2/26 William Street, Brookvale NSW 2100 within 28 days, failing which the Receiver is authorised to remove personal effects and a Writ of Possession may issue. Proceeds from any sale are to be distributed in a specified priority waterfall, with any balance paid to the bankrupt estate of Stephen Philip Eades.