A New South Wales tourism body has collapsed into voluntary administration, leaving many small businesses questioning whether they will continue to receive valuable marketing help and, in turn, money from visitors.
Inland NSW Regional Tourism Organisation Incorporated appointed external managers on March 31.
Bradd Morelli and Andrew Spring from Jirsch Sutherland have been appointed joint voluntary administrators.
According to the groups annual report, Inland NSW received $2.26 million in income during 2015.
The tourism body spent a total of $2.24 million during the same period, leaving a small surplus of $122,835.
Inland NSW told its members on Friday it had decided to call in administra…
Read the full article at: http://www.smartcompany.com.au/finance/66897-tourism-body-collapses-into-voluntary-administration-leaving-local-small-businesses-gobsmacked/