Moyola Aged Care as reassured the community there will be no impact on its operations after Banksia Securities was placed into recievership.November 13, 2012 11:52am
Moyola Aged Care has moved to reassure residents, family members and the Tatura community there will be no impact on its operations following the announcement receivers had been appointed to manage Banksia Securities.
The committee of management told The Guardian, in a statement on Friday, that while Moyola had funds invested with Banksia Securities that had been frozen, the bulk of its funds were invested with a bank and all accommodation bonds were secure.
The committee of management said the new Margaret Love wing had been fully paid for and there was no outstanding liability.
‘‘As a committee, we intend to remain informed about the realisation strategy of the receivers and their progress in deciding the level of return to investors, and we will ensure that this information is communicated to our members as it becomes available. Rest assured that Moyola Aged Care remains in a very strong financial position,’’ the statement said.
The News has published a limited edition commemorative keepsake in recognition of the 100th anniversary of the Gallipoli landing. Copies will be available from Friday, August 7 from Shepparton RSL and McPherson Media Group newspaper offices. To reserve your copy phone Rebekah Miller on 5820 3221.
Yarrawonga’s Bre Elliott played the most “consistent golf of her life” over three days to win the Fuccillo Kia Championship at Capital Hills by carding a 2-under 69 on the final day.
Heather Donaldson was re-elected president of Tatura Hospital Ladies Auxiliary at the annual general meeting on Thursday, which was attended by 33 people.
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Cobram Roar continued its winning way on the weekend when it took on bottom-placed Shepparton Soccer Club.
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