<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM (A)
CONSOLIDATED FINANCIAL STATEMENTS AT JUNE 30, 1999 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH (B) FORM 10-K
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> AUSTRALIAN DOLLAR

                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUN-30-1999
<PERIOD-START>                             JUL-01-1998
<PERIOD-END>                               JUN-30-1999
<EXCHANGE-RATE>                                  0.661
<CASH>                                               1
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     1
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                     663
<CURRENT-LIABILITIES>                              296
<BONDS>                                          4,006
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                         9,338
<OTHER-SE>                                    (13,027)
<TOTAL-LIABILITY-AND-EQUITY>                       663
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                   167
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 321
<INCOME-PRETAX>                                  (488)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              (488)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     (488)
<EPS-BASIC>                                     (0.01)
<EPS-DILUTED>                                   (0.01)