Briefs
Austock's $3.2m lesson
Listed broking house Austock Group may be forced to write off $3.2 million in advisory fees it is yet to receive from the collapsed child care operator ABC Learning Centres. Austock was a key adviser in the sale of ABC's United States unit to Morgan Stanley Private Equity this year. Austock also says it is owed $1.2 million for property services to Austock Property Services since July 1. Austock said it was talking with ABC's receivers and may record a "substantial one-off provision". James Chessell
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