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Dunk Island repossessed by Bond family after Mayfair 101 fails to meet payment terms – ABC News
Dunk Island in North Queensland is repossessed by the family of Australian businessman Peter Bond after new owners Mayfair 101 failed to meet payment terms.
Dunk Island in North Queensland has been repossessed after new owners Mayfair 101 failed to meet their payment obligations.
Key points:
- The Mayfair 101 group bought Dunk Island for about $30 million last year from the family of Linc Energy founder Peter Bond
- The Bond family said they granted Mayfair several payment extensions but it was unable to meet its obligations
- Mayfair had hoped to turn Mission Beach into a “tourism mecca” and is trying to refinance
The…
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