Officials with the territory's Department of Finance are continuing to wait for a court hearing, expected today in Ontario, for a decision to be made on the restructuring of the asset-backed commercial paper (ABCP) market funds that have been tied up since last year.

Two of the territory's investments - totalling $36.5 million - have been held since last year as part of about $33 billion in ABCP investments that are being held across the country amid problems in the market.

It's expected the investments will be rolled over into long-term investments rather than the 30-day notes they were originally.

The most recent deadline in the restructuring plans for the funds expired at midnight Friday.

Media reports today suggested the committee overseeing the restructuring will file court documents to protect the investments until a vote can be taken on the restructuring plan.

There's been no direct information coming to Finance officials at the Yukon government though, David Hrycan, the department's deputy minister, said this morning.

"We're waiting," he said, noting the department has only received the same information that's been public.

On Friday, Hrycan said the department will wait until it is contacted directly by those involved in the restructuring before taking any steps forward.

The government has stopped investing in the funds and an investigation by the auditor general found the territory's Financial Administration Act was breached by putting money into ABCPs, which weren't guaranteed.

While the territory's Justice department also looked into the investments, it opted not to do a full-scale investigation because it found no one had knowingly made the mistake.