Assist Finance was founded in 1960 and operated for more than 50 years as a non-bank lender funded by unsecured investments. Following various regulatory notifications and the effect of proposed regulatory changes to the Assist Finance business model, under advice, the company determined to cease fundraising and lending operations on 31 August 2013 and implement an investor-approved Moratorium with its independent Trustee, Cremorne Capital Limited, on 31 January, 2014.
The Moratorium, permitted the orderly realization of the company's assets and after costs, a distribution to unsecured investors and ensured at all times, that all monies were independently accounted for.
The implementation and operation of the Moratorium was overseen and reviewed, by its independent Trustee and its auditors, Ernst & Young.
Given all the terms of the Moratorium were completed including all statutory obligations of the company, the Moratorium ended on 31 December, 2016 and the company is now non trading.
As a consequence, all future unsecured investor inquiries should be directed to Cremorne Capital Limited on (03) 9665 2499. All other inquires can be directed to firstname.lastname@example.org.