These are the Panel’s reasons for declining to make a declaration of unacceptable circumstances in relation to the application made by Australian Leisure & Hospitality Group Limited on 20 July 2004, in relation to the bid for all of the ordinary shares in ALH by Bruandwo Pty Limited, and for accepting instead an undertaking by Bruandwo to issue a supplementary bidder’s statement.

These are our reasons for making a declaration of unacceptable circumstances and orders preventing an off-market takeover bid for ordinary shares in Skywest Limited continuing. The decision is a result of an application brought by Skywest Limited concerning the circumstances in which the bidder, CaptiveVision Capital Ltd obtained and possessed certain information about Skywest Limited during the acquisition of its pre-bid stake and which it then failed to disclose in its bidder's statement.

These are the Panel’s reasons for declining to commence proceedings in relation to an application by Mr Robert Catto in relation to the affairs of Lake Technology Limited. On 4 August 2004, the Panel issued a media release substantially to the following effect concerning the application.