The ACCC has fired a warning shot to Qantas and Virgin, saying it has a close eye on prices after Bonzaâs collapse and Rexâs uncertain future. When Rex started flying between the capital cities in 2021, prices on those routes dropped 25 per cent. The consumer watchdog has reaffirmed its close watch on Qantas and…
The well-established English language and VET provider, which has been operating since 1997, has been placed into voluntary administration by a creditor. An update on its future is anticipated later this week. âThroughout 2024, IH sydney Training Services has been in various discussions to bring an investor or acquirer into the company,â said Tim Eckenfels,…
The Australian construction industry faces another setback as Bensons Property Group enters voluntary administration. The melbourne-based developer, with a portfolio of high-profile projects, cited rising construction costs and increased interest rates as primary challenges. Figure 1: A photo of the Liberty 1 building in Footscray shows diggers at the Liberty 2 site. With Bensons Property…
KAIJU! Beer have become the latest brewery to enter voluntary administration, appointing DBA Reconstruction and Advisory to oversee a financial restructure of the overarching business, South East Brewing Company. Throughout the voluntary administration process, KAIJU! will continue operating as usual, with the doors to their Huntingdale brewpub remaining open and their production schedules continuing without interruption. …
A popular dining destination has been placed into voluntary administration as it battles with the cost-of-living crisis. The sprawling business in Penrith, which includes a cafe, bar and restaurant, first opened two years ago. Dubbed âWestern sydneyâs most memorable venueâ, the site has been the backdrop for many weddings and special events. However, âa period…
Star Entertainmentâs lenders warn the sydney and gold coast casino owner could be in voluntary administration within months and its hotels carved up and sold to the highest bidders, as a lifeline deal to preserve its future as a listed company fails to materialise. Two sources close to Starâs secured debt providers, speaking on the…