In the Forrest family empire, it’s all a matter of trust
Key Points
- Tattarang has been the ultimate parent of most of the Forrests’ interests.
- Numerous Forrest companies have disclosed they are unsure who controls them.
- They dispute power has shifted to beneficiaries of the mysterious Peepingee Trust.
It was April last year when the Forrest family made a startling disclosure.
In filings to the corporate regulator, numerous Forrest empire companies – spanning wind generation to nickel mining, farming and property development – said they had misinterpreted the law.
Two paragraphs in this story were amended to better clarify certain terms, including the technical difference between “ownership” and “ultimate holding company” status.
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