Streetwear brand Geedup enters liquidation after ATO wind-up

The Australian Taxation Office has succeeded in its bid to wind up sydney streetwear brand Geedup, after investigations into the collapsed business uncovered alleged tax debts of $2.2 million. Founded in 2010, Geedup built a cult following for its bold designs and limited-edition apparel, with some ‘drops’ selling out in just minutes. Its success catapulted…

Call to reinstate travel compensation scheme after millions lost in AVG Travels collapse

Australian travellers who collectively lost millions of dollars after their travel agency collapsed are calling on the federal government to overhaul consumer protections in the travel sector. melbourne-based agency AVG Travels, which sold discounted international tour packages to Asia, Europe and Africa, was placed into liquidation in May. New documents lodged with ASIC show the…

The Song Company to enter liquidation

One of Australia’s leading professional vocal ensembles, the sydney-based The Song Company, is set to cease operations after its Board resolved to appoint a liquidator, bringing an end to one of the nation’s most influential chamber music organisations after more than four decades. The announcement comes in the wake of its recent tour of a…

EXCLUSIVE: Multi Million Dollar Retailer Collapse Rocks Australian Distributors After Business Placed Into Liquidation – channelnews

One of Australia’s most dramatic technology sector collapses has left some of the nation’s largest IT distributors facing losses exceeding $14 million, raising serious questions about credit controls, supplier exposure, and how a relatively small Victorian retailer was able to accumulate such substantial debts in just a few years. Metrocom AU Pty Ltd, the owner…

Aussie budget holiday firm AVG Travels collapses

An Aussie holiday firm that boasted that its customers could “travel more and spend less” has plunged into liquidation. melbourne-based AVG Travels, which offered discounted international travel to thousands of Aussies, appointed liquidators this week – leaving customers scrambling to fix their plans. The announcement follows days of uncertainty for customers, who reported their tours…