The melbourne Rebels entered into voluntary administration last night with the debt-ridden Super Rugby club receiving support from Rugby Australia. Executives from the Rebels called in insolvency firm Wexted Advisors last Thursday with SMH reporting that the Rebels has debts amounting to around $9 million – owing millions of dollars to the Australian Taxation Office…
The revelation comes in the latest report on domestic airline competition from the Australian Competition and Consumer Commission (ACCC) which found some relief for Aussie travellers in the first six months of 2024. Aussies saw a drop in airfares, reduced cancellation rates and better on-time performances, however the withdrawal of Rex from the sydney–melbourne–brisbane ‘golden…
West perth-based Ten Sixty Four has gone into voluntary administration after a tumultuous period for the gold miner’s board of directors. Ten Sixty Four advised the market today that it has entered voluntary administration with the company’s board of directors appointing PwC’s Martin Ford and Simon Theobald as administrators. The company’s ASX statement said the…
An aluminium business has been sold off and re-opened after its previous operating company collapsed owing millions. Headquartered in sydney, Australian Aluminium Finishing had operated the business for four decades and had sites in the NSW capital, melbourne and at Geebung in brisbane. The company ultimately went into liquidation after creditors resolved to wind it…
West Australian bakery Mias has been placed into voluntary administration. The family-owned bakery, which has been trading since 1950, employs about 150 staff. Mias chief executive Conrad Mias said the low bread price was one of a number of factors leading to the company’s financial problems. He said the introduction of Aldi into the market…
Seven Laura Ashley stores in Australia have been closed as the voluntary administration of the retail chain in Australia continues. The Australian arm of the homewares and clothing retail entered voluntary administration on January 7, at which time the chain was operated 38 stores in Australia. Administrators FTI Consulting confirmed this morning seven Laura…
A Western Australian electrical contractor that has been operating for more than 30 years and supplied machinery for mining in the Pilbara region has collapsed into voluntary administration. Cape Range Electrical Contractors is a Newman-based electrical contractor business specialising in the supply, installation and maintenance for individual and commercial clients. The family-owned business has been…
brisbane Airport was deserted amid COVID-19 travel lockdowns, which drove Virgin Australia — one of only two major airlines based in the country — into voluntary administration on Tuesday, April 21. This footage, posted to Facebook on the Tuesday, shows a deserted terminal after airlines grounded flights and laid off staff to save costs amid…
A building company that collapsed suddenly leaving $10 billion worth of government projects up in the air was owed $350 million by its parent company, which could be hard to recover, according to administrators. perth-based Clough Group went into voluntary administration earlier this month butThe Australian reported it may be difficult to recover the $350…
Fishburners, the sydney co-working space that grew into one of Australia’s most influential startup communities, has entered voluntary administration. The administration spells an uncertain future for the not-for-profit, which evolved from a single hub in Ultimo to a community spanning over 35,000 entrepreneurs. Documents listed by the Australian Securities and Investments Commission show Fishburners Limited…