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Date delisted: 30/08/2001
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Sector: Industry Group:
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| company deregistered 2/05/2010 | 02/05/2010 |
| Greg Fisher, former MD was sentenced in the Sydney District Court to two and a half years jail - Fisher will be released after six months and must enter into a two year good behaviour bond - he used $220,000 of Satellite funds to finance his personal sponsorship of fashion designer Mr Alex Perry during Mercedes Fashion Week in May 2000 | 11/02/2005 |
| reports that the prosecution in the case against Greg Fisher alleges that Satellite Group had lent $250,000 to Sydney Skytours at 12 per cent interest, repayable after 60 days - at the same time Satellite wrote a second cheque for $250,000 for shares in Sydney Skytours which issued $125,000 worth of shares to Fisher's private company, Mojava, and $125,000 worth of shares to another company, Sojo, owned by another Satellite Group director, Jonathon Broster - (Greg Fisher was subsequently cleared of four charges relating to an investment in tourism company Sydney Skytours Ltd) | 07/10/2004 |
| reports that during December Greg Fisher was convicted of misusing his position as a Satellite director when he gave fashion designer Alex Perry more than $220,000 of Satellite's money to host an Australian Fashion Week show - although Fisher argued it was a Satellite investment, brochures from the show read "brought to you by Greg Fisher", with no mention of the company | 31/12/2003 |
| Greg Fisher will face court on 10 charges relating to the alleged misuse of company funds - the trial is set to commence on 28 February 2003 | 29/11/2002 |
| Greg Fisher, former MD has been committed to face trial on further charges brought by ASIC. ASIC alleges Mr Fisher improperly used his position to gain a financial advantage for himself to the value of $250,000 | 25/11/2002 |
| ASIC completes proceedings against Messrs Fisher and Broster for making improper use of their positions | 27/12/2001 |
| company delisted | 30/08/2001 |
| delisted due to failure to pay annual listing fee | 30/08/2001 |
| a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued | 20/06/2001 |
| company goes into liquidation and T McGrath of KPMG appointed liquidator | 15/06/2001 |
| ASIC launches proceedings against Messrs Fisher and Broster alleging breach of dutes | 11/12/2000 |
| report that T McGrath informs creditors' meeting that shares in the group are worth very little | 28/11/2000 |
| T McGrath of KPMG appointed administrator | 17/11/2000 |
| Dr Kerryn Phelps resigns as chairman of the company | 09/08/2000 |