A hospitality group operating popular New Zealand-founded restaurants Botswana Butchery and White + Wongs will close its Australian eateries. Hospitality business Good Group Australia was thrust into voluntary administration on March 31, impacting the Botswana Butchery chain and three other Asian restaurants across the Tasman. New Zealand operations at Good Group are not affected. The…
Centrepay is once again in the news, and not for good reasons. This week the Guardian uncovered new examples of the government system being used as a vehicle of financial abuse Centrepay was diverting money away from people receiving Centrelink payments to energy giants, years after they stopped being power customers. To be clear, were…
A 35-year-old Moreton Bay based mechanical services company has crumbled under financial strain, entered into liquidation while owing $2 million to employees, the ATO and suppliers. Lawnton-based Venmist Air Pty Ltd and Venmist Pty Ltd recently announced it would go into voluntary liquidation, following a history of projects with an array of large and medium-sized…
The Federal Court’s recent decision in Stone (Liquidator), in the matter of RIC Admin Pty Ltd (in liq) v Mandalinic (No 2) [2024] FCA 164 demonstrates the analysis the courts will undertake in determining a director’s personal liability for insolvent trading, even when the director does not appear for the hearing. The case reiterates how…
A fine dining restaurant chain that sold steak for as much as $500 a piece and spanned across three Australian states has gone bust. On Tuesday, hospitality business Good Group Australia, which operated the Botswana Butchery chain and three other Asian restaurants, plunged into administration. Botswana Butchery had high-end steakhouses in Sydney, Melbourne and Canberra…