Although as a TIM bond holder (TIMFB) I'm looking at the issue...

Although as a TIM bond holder (TIMFB) I'm looking at the issue from an opposite angle here is some info I gathered:

The administrator assumes the grower loans as 100% collectable. Look for "Finance Bonds".
http://www.timbercorp.com.au/default.asp?cmd=file&fileID=15361&Initialbaseroot=13240&menuID=15499

ATO Product ruling states loans are "full recourse"
http://law.ato.gov.au/atolaw/view.htm?docid=PRR/PR200754/NAT/ATO/00001

Gottliebsen puts this:
"A spokesman for the administrator Mike Smith told Business Spectator that the vast majority of these loans were full recourse so if the trees, vegetable and other crops did not realise the expected amounts then the official administration of Timbercorp can pursue those clients for the money. Houses will be sold if necessary."
http://www.businessspectator.com.au/bs.nsf/Article/When-financial-advice-backfires-pd20090424-RE9JZ?OpenDocument