Failed company collapses owing $1.6 million – The Sunshine Coast Daily

THE initial liquidator’s report into the failed company that ran Wanderlust yoga events in Australia and New Zealand has revealed debts in the order of $1.6 million.

Promoter Yoga Events Australia and New Zealand Pty Ltd has shut down just two months after what had appeared a highly-successful Novotel Twin Waters Wanderlust Festival in November.

Sunshine Coast Council which has sponsored the event for the past three years has expressed surprise and disappointment as news broke of the company’s difficulties.

Unsecured creditors were furious to see social media posts by YEANZ Pty Ltd majority shareholder and director John Halstead of his family’s Christmas holiday USA snow trip while they remained unpaid.