Reserve Bank governor Philip Lowe, right, and deputy governor Guy Debelle…the bank warns bankruptcies will increase next year.Alex Ellinghausen Emergency measures such as JobKeeper, cash flow payments from the Australian Taxation Office and a temporary freeze on director liability for insolvencies will roll off between January and March. If the estimated 3 per cent fall…
news, latest-news, hawks, illawarra, mat campbell, general manager, basketball, nbl, national basketball league THE man who saved the Hawks has walked away from his role as general manager. Mat Campbell, whose No.32 playing singlet hangs from the WIN Entertainment Centre rafters, was behind the campaign to rescue the embattled club in 2009 and has since…
One of Adelaide’s most-lauded restaurants has folded amid its months-long pandemic-induced closure. Owned by MasterChef Australia judge Jock Zonfrillo, Orana was operated by two companies which will now be sold off by KPMG administrators. Founded seven years ago, restaurant Orana was an Adelaide based venue which sought to build its menu around Indigenous foods and…
MasterChef Australia’s Jock Zonfrillo put his restaurant Orana into voluntary administration before closing its doors due to the coronavirus crisis By Mary Mrad For Daily Mail Australia Published: 16:28 AEDT, 8 October 2020 | Updated: 18:43 AEDT, 8 October 2020 View comments MasterChef Australia judge Jock Zonfrillo had put hisrestaurant Orana into voluntary administration one…
The board stated that it still backs members’ voluntary liquidation of Gabelli Value Plus+ The board of Gabelli Value Plus+ Trust said it received a letter on 2 October from the general counsel to majority shareholder Associated Capital Group (ACG) “indicating that (unspecified) litigation concerning the company [Gabelli Value Plus+] may be a distinct possibility”.…
A prominent Adelaide hotels syndicate that did secret deals with major breweries over access to an Adelaide pub’s beer taps has fallen into liquidation. Key points: The Bloody Mary Group ran a series of licensed venues across SA Its directors were previously ordered to pay $383,000 in damages Liquidators say the group has little assets…
STA Travel has been using New Zealand customers’ deposits for overseas holidays to cover company wages and office rent. Photo: File / Getty Images Additional funding may be required to try and recover creditor claims in the liquidation of budget travel agent STA Travel, which shut down owing more than $11 million. Liquidators from Deloitte,…
Greek community group, The Order of the Australian Hellenic Educational Progressive Association (AHEPA) NSW Inc has gone into voluntary administration owing approximately $3 million to creditors. Michael Hird and Alan Walker of Cor Cordis have been appointed as administrators. The amount owed relates primarily to legal fees and also for consulting fees connected to a…
DUBAI : AE construction giant that built the world’s tallest building the Burj Khalifa, Arabtec formally announced that it was going into liquidation after stakeholders found the financial situation “untenable”. “In recent years, limited liquidity in the construction sector impacted the progress of Arabtec’s projects and this has been exacerbated by the effects of COVID-19,”…
Shareholders of United Arab Emirates-based Arabtec Holding, which helped build the worlds tallest skyscraper, voted to dissolve the debt-laden firm in a move likely to threaten thousands of jobs and scores of suppliers and sub-contractors in the Gulf region. Construction companies that sprang up more than a decade ago as a building bonanza swept Dubai…