A class action has been commenced in the Federal Court of Australia by Oztech Pty Ltd against The Public Trustee of Queensland ("Public Trustee"). The action arises out of the Public Trustee's role as trustee of a trust in connection with notes ("OIN Notes") issued by Octaviar Investment Notes Limited ("OIN"). The claim alleges that the Public Trustee acted too slowly in January and February 2008 to protect the interests of noteholders by failing to apply to wind-up OIN and Octaviar Limited ("OL"), and to take other steps, by 29 February 2008.
By order of the Federal Court of Australia dated 14th September 2015, we attach here copies of relevant documents, including the originating application, the statement of claim, and the defence.