June 27, 2017

Federal Court finds conduct of Get Qualified Australia to be misleading, unconscionable – The Sydney Morning Herald

BankruptcyBy Insolvency Advisory Accountants June 27, 2017

A failed education company, that left more than 5000 students without the qualifications they paid for, engaged in misleading and deceptive conduct, unfair contract terms and unconscionable conduct, the Federal Court has found. Get Qualified Australia (GQA) was an education consultant that assisted job seekers in obtaining Recognition of Prior Learning (RPL) qualifications in industries…

Management change at Pitcher Partners – Business News

BankruptcyBy Insolvency Advisory Accountants June 27, 2017

Pitcher Partners managing director Bryan Hughes has announced he will move on to chair the Perth-headquartered firm, with executive director Leon Mok to step into his role. From next week, Mr Hughes will become executive chairman of the accounting, audit and advisory firm. In a statement, he said Pitcher Partners restructuring and insolvency team had…

With Alphabet, Google faces a daunting challenge: organizing itself – Reuters

RestructuringBy Insolvency Advisory Accountants June 27, 2017

By Julia Love | nSAN FRANCISCO Googles self-professed mission is to organize the worlds information. But a company known for engineering excellence is still trying to solve the very human problem of how to organize itself. Nearly two years ago, Google co-founder Larry Page announced the tech giant would be remade as Alphabet, a holding…

Ten Network may yet be saved from receivership, with administrator confident of recapitalisation – ABC Online

RestructuringBy Insolvency Advisory Accountants June 27, 2017

The administrator of the Ten Network has declared he expects the ailing television station to be saved. Key points: Creditors met to discuss options for restructure, voted for committee including Lachlan Murdoch, WIN TV’s Bruce Gordon and James Packer Administrator Mark Korda says cash-flow is positive and ratings are good, so network should be…

The Aussie tech players caught up in Guvera’s demise – ARNnet

LiquidationBy Insolvency Advisory Accountants June 27, 2017

As the Australian Securities and Investment Commission (ASIC) reportedly embarks on an investigation of failed local music streaming start-up, Guvera, the collapse of the company has left a handful of tech players out of pocket by hundreds of thousands of dollars. The music streaming company was placed into liquidation on 28 April after a failed tilt…

Power costs claim Adelaide business – NEWS.com.au