Mr. Kenneth George Williamson

Kenneth George Williamson to stand trial over false and misleading statementsFerrier Hodgson Newcastle
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Kenneth George Williamson to stand trial over false and misleading statements

Mr Kenneth George Williamson was today committed in the Perth Court of Petty Sessions to stand trial on four charges of breaching the Corporations Law relating to false and misleading statements made to the Australian Securities Commission (ASC), the predecessor to the Australian Securities and Investments Commission (ASIC). Mr Williamson is a former director of Allrange Tree Farm Pty Ltd (Allrange), the promoter of the Frankland Bluegum Scheme in Frankland, south-west Western Australia (the scheme). ASIC alleges that Mr Williamson made false and misleading statements to the ASC in order to obtain an exemption for Allrange for the promotion of the scheme. As a result of the exemption, Allrange did not have to prepare or lodge a prospectus with the ASC.The exemption also allowed Allrange to offer prescribed interests when it was not a public corporation. Mr Williamson has been placed on bail and is to appear in the District Court of Western Australia on 5 November 2004. The charges were laid following an investigation by ASIC and are being prosecuted by the Commonwealth Director of Public Prosecutions.