“Gut-wrenching” Another Aussie builder collapses into administration

Dozens of homebuyers and tradies on the gold coast are in limbo this morning, following the collapse of another major Australian builder. PBS Building finally confirmed overnight that they have gone into voluntary administration, with all 180 staff made redundant. The company had 80 projects across the country in the works, including several on the…

Popular Sydney Live Venue Goes Into Voluntary Administration

Famous sydney multi-purpose venue Carriageworks has confirmed it has gone into voluntary administration.  In a statement issued today, the Eveleigh venue confirmed that the COVID pandemic and “the sudden cancellation or postponement of six months of activities due to restrictions on public gatherings has resulted in an irreparable loss of income”. “Following the earlier loss of…

Australian gym chain Hustle Boxing collapses into administration

Administrators appointed for Hustle Boxing Financial backers included Arthur Laundy and Mark Bouris By KYLIE STEVENS, SENIOR BREAKING NEWS REPORTER, AUSTRALIA Published: 11:08 AEDT, 10 December 2025 | Updated: 13:02 AEDT, 10 December 2025 A once-popular gym chain backed by high-profile investors and which listed sports stars among its clientele has collapsed. Hustle Boxing went…

Australian Secrets Shhh jewellery chain enters voluntary administration

Australian jewellery retailer Secrets Shhh has been placed into administration, with a sales process underway in order to find a potential buyer. Kate Warwick, Kelly Trenfield and John Park of FTI Consulting were appointed as joint and several administrators of the retailer’s parent company, Secrets International Pty Ltd, on Wednesday. Secrets International and its other…

Melbourne Rebels dropped by Super Rugby over financial woes

Rebels have been in voluntary administration since January  RA says consortium’s proposals “did not demonstrate sufficient financial viability” Australian Super Rugby outfit melbourne Rebels have been dropped from the competition due to financial difficulties. The Rebels have been in voluntary administration since January and Rugby Australia (RA) confirmed on 30th May it had not accepted a proposal from…

NSW builder goes into administration

A NSW building company with debts of around $17 million has gone into voluntary administration. Southern Cross Constructions appointed accounting firm Cor Cordis as administrators on Thursday. The company has four projects underway, including a Bunnings Warehouse and Woolworths at Balgowlah, in sydney‘s north. While the administrators say most of their projects are near completion,…