The demolition of sydneyâs Allianz Stadium, originally known as the Sydney Football Stadium, may have claimed its first scalp, with Sydneyâs landmark Captain Cook Hotel in PadÂdington entering voluntary administration. Insolvency firm Jirsch SutherÂland has been appointed administrator to the business, saying it is an ideal opportunity for an experienced hotel operator to take on.…
Rugby Australia (RA) has affirmed its commitment to Rugby in Victoria after the melbourne Rebels entered voluntary administration on Monday night. As a result, RA will now work with the appointed administrator to ensure the Melbourne Rebels take the field for the 2024 Super Rugby Pacific and Super Rugby Womenâs competitions. As RA works with…
Throwing the travel plans of thousands of passengers into disarray, Bonza has entered voluntary administration. [UPDATED 1 MAY 2024] Documents filed with the Australian Securities & Investments Commission (ASIC) Tuesday show the budget airline has appointed accounting firm Hall Chadwick as an external administrator. Tuesday morning, the airline announced it had cancelled several routes in its network. An…
The board of Redfern-based arts venue, Carriageworks, has announced that Australiaâs largest contemporary arts centre will go into voluntary administration. It is the first major arts venue in sydney to declare financial strife and may prove an ominous portent for other major gallery and performance spaces if state and federal governments resist funding a cultural…
sydneyâs Darlinghurst Theatre Company has been placed into voluntary administration, it was announced earlier today, with upcoming shows at its home in the Eternity Playhouse canceled until further notice. The news comes after the company launched an end of financial year donation campaign at the start of June. Only two percent of the companyâs income…
Carriageworks has become sydneyâs first major arts company to enter voluntary administration as a result of the coronavirus pandemic. In a statement made on the Carriageworks website today (May 5), CEO Blair French said that âwith restrictions on social gatherings likely to remain in place for some time to come, the Board determined that it…
Image via Seafolly Words by Tori Mathison Sad news for Aussie swimwear lovers. Seafolly has become the next victim of Australiaâs challenging retail landscape, and yesterday announced that it is entering into voluntary… Continue reading…
Billionaire publican Bruce Mathieson attempted to acquire Star Entertainmentâs sprawling gold coast property late last year with a proposal that valued the resort complex at about $550 million. Of note, that is well above Starâs current market capitalisation of just $373 million. The proposal, sources told this column, came just weeks before the casino group…
21 June 2024 The Kirribilli Club Board has stepped aside and appoint the services of SV Partners to act as Voluntary Administrators of the Kirribilli Club effective immediately. âUnfortunately, due to a combination of overwhelming financial, operational and hospitality market circumstances we have exhausted all available options and have not come to this conclusion lightly. Mr Hugh Armenis…
Subcontractors working on the perth Stadium footbridge have been reassured they will be paid, despite the collapse of a major civil engineering company leaving some chasing payments of hundreds of thousands of dollars. Key points: York Civil is a joint partner in the Matagarup Bridge project Bridge subcontractors say York Civil owes them hundreds of…