Courts

Ex-Gunns chief John Gay to face proceeds of crime case

Andrew Darby Corporate regulator ASIC says it still wants to pursue a proceeds of crime case against convicted Gunns ex-chairman John Gay, despite an Australian Federal Police decision to drop it.

Regulation

ASIC still wants to pursue former Gunns chairman John Gay over proceeds of crime

Andrew Darby ASIC says it still wants to pursue a proceeds of crime case against convicted Gunns ex-chairman John Gay, despite an Australian Federal Police decision to drop it.

Police abandon Gunns money-chase

Georgia Wilkins The Australian Federal Police has dropped efforts to retrieve money made by former Gunns chairman John Gay through insider trading.

Courts

Former Gunns boss avoids jail over insider trading

Andrew Darby Former Gunns chairman John Gay has been fined $50,000 after pleading guilty to insider trading.

Courts

Former Gunns boss avoids jail for insider trading

Andrew Darby and Gareth Hutchens John Gay felt the hand of a security guard congratulating him, rather than showing him the cells on Friday.

Agribusiness

Gunns properties raise overseas interest

Carolyn Cummins Global interest is being fielded for former parts of the greater Gunns estate - the AFPT and AFPT 2 timberland portfolios - that have been put on the market.

Courts

Former Gunns chairman pleads guilty to insider trading

John Gay, the face of one-time Tasmanian timber giant Gunns, could spend time in jail after pleading guilty to insider trading.

Under the Radar

Dollar squeezed life out of Gunns

Richard Hemming Talk to any manufacturer, and they'll tell you that the biggest headwind they face is the high Australian dollar.

Gunns bosses may face class action

Ben Butler Former Tasmanian premier Robin Gray and other directors of forestry group Gunns may become additional targets of a $75 million shareholder class action against the company following its collapse into...

Gunns' pulp mill permit could be up for sale

Green groups' celebrations would appear to be premature, as Gunns' receivers prepare to sell off the licence for the contentious Bell Bay project.

Gunns failure a story of corporate greed and hubris, say mill's critics

Andrew Darby THE one-time corporate heavyweight Gunns Limited was brought to its knees by its own overweening pride, according to critics.

Gunns exit a challenge for the smallest state

Jonathan Swan These are good times for Tasmanian trees but less so for Tasmanians. Gunns, formerly the state's biggest company, went into voluntary administration, putting an end to its eight-year battle to build...

Gunns receivers may sell rights to Bell pulp mill

Ben Butler Receivers will attempt to sell the right to build the controversial Bell Bay pulp mill as part of a carve-up of the $2 billion project's failed owner, Gunns.

Gunns' $1m pay trouble

Ben Butler Gunns' inability to meet redundancy payments due to only 50 workers at a mill long slated for closure may have hastened the group's administration on Tuesday.

Banks beat Gunns to the draw

Paddy Manning Tasmanian woodchipper Gunns had firm shareholder support for a $240 million to $260 million capital raising to take place within a week at the time receivers KordaMentha were appointed by banks...

Long wait for Gunns investors

Ben Butler UP TO 59,000 investors in wood-growing schemes run by failed timber company Gunns will have to wait two months before they learn whether administrators think value can be salvaged from the projects.

Gunns a 'nightmare': L'Estrange

Andrew Darby Former Gunns chief executive Greg L'Estrange has described the fallen timber giant's internal company processes as a compliance nightmare.

Gunns' ex-chief slams company culture

Andrew Darby Gunns' former chief executive has damned the culture he found at the failed forestry company.

Gunns receivers see support for pulp mill

Andrew Darby Gunns' receivers have claimed strong backing for pursuing the failed timber company's centrepiece $2.2 billion pulp mill project.