Faced with subcontractors on the verge of financial ruin, construction giant Multiplex is urgently appealing for government assistance to stabilise the $836 million sydney Fish Market project. The plea for intervention follows the downfall of Sharvain Facades, the company behind the project’s striking wave-like roof, which went into voluntary administration in March, reportedly owing tens…
Budget airline Air Australia has gone into voluntary administration amid claims it was paying foreign flight attendants as little as $90 a day. The airline’s entire fleet was grounded early this morning after administrators discovered there was no money to meet basic operational expenses. Around 4,000 passengers are believed to be either stranded overseas or…
By Scott Murdoch and Himanshi Akhand AUSTRALIA’S Star Entertainment is selling its half-share in a brisbane entertainment complex to its Hong Kong partners for A$53.0 million ($33.37 million), in a last-minute bailout for the cash-strapped casino group. Star has been trying to navigate mounting pressures to avoid voluntary administration. Its ASX-listed shares have been suspended as it has…
Women’s fashion brand Bardot, which is headquartered in a historic Abbotsford warehouse on the banks of melbourne’s Yarra River, has entered voluntary administration. The clothes maker and retailer employs about 800 staff and trades from 72 Australian stores. Its competitors include local outfits Witchery, Sportsgirl and Country Road – as well as international brands, H&M…
A Set small text size A Set the default text size A Set large text size The Rebels will take to the field in 2024 but their long-term future is on a knife’s edge, with voluntary administration looming for the melbourne-based Super Rugby franchise. It can be confirmed Rebels powerbrokers met with Wexted Advisors, who…
Australian-owned and operated battery and smart inverter outfit Redback Technologies has announced the launch of its “next generation” home solar and battery range, just six months after a brief stint in voluntary administration. The brisbane-based company went into voluntary administration in March, just days after being a part of the Smart Energy Conference in sydney,…
Credit: Hush Naidoo Jade Photography via Unsplash Marketing and technology group GrowthOps Australia has gone into voluntary administration, AdNews can reveal. GrowthOps formed in late 2017 as part of an eight-way merger, acquiring AJF Partnerships, 3wks, Digital Moshi, Institute of Executive Coaching and Leadership, jtribe, KDIS, Khemistry and Voodoo Creative. A local source told AdNews 18 people in…
It was meant to be pay day for EC and M’s 400 strong workforce. But instead of getting their weekly wage, workers were yesterday called to a meeting at the Henderson headquarters and told to pack up their tools and head home. Peter Carter from the Electrical Trades Union says workers have been left in…
In short: The Dolphin Discovery Centre, in WA’s South West, has gone into voluntary administration. The centre has faced challenging times since the COVID-19 pandemic, including staff shortages. What’s next: The attraction will remain open, but there will be some changes to its hospitality operations. A major WA tourist attraction that allows visitors to interact with dolphins…
Jeanswest’s 53 years of operation in Australia are set to end. Photo: Facebook. Jeanswest is the latest clothing outlet to end its operations in Australia, after it was announced its parent company, Harbour Guidance Pty Ltd, had entered voluntary administration. Across the Region network, stores will close in Tuggeranong, Bega, Wollongong, Albury and Griffith. Across…