Newtown Oporto goes into liquidation

Documents reveal the popular late-night haunt failed to pay employees’ superannuation, suppliers’ invoices and more.

Newtown Oporto is expected to reopen “as soon as possible”, after more than $758,000 of unpaid tax, superannuation and more led its former franchisee to close the store and collapse into liquidation on Friday.

The fast food franchise, owned by Jevnt Pty Ltd, was long considered the go-to spot for a post-revelry feed given its proximity to late-night venues The Bank and Town Hall Hotel.

Jevnt director Ming Zhong voluntarily resolved to wind up the company after receiving a director penalty notice from the Australian Tax Office, which gave him 21 days to either liquidate the company, or assume personal liability for $499,941 in unpaid company taxes, according to appointed liquidator Henry McKenna of Vincents.

The Oporto franchise at Newtown (not pictured) has closed.Supplied

In a report submitted to ASIC on Monday, Zhong revealed Jevnt also owed $83,470 in unpaid employee superannuation (to approximately 20…

sydney-eating-out/oporto-plans-comeback-after-newtown-franchise-flies-the-coop-owing-more-than-750k-20240220-p5f6db.html” target=”_blank” rel=”noreferrer noopener”>Continue reading…

Newtown Oporto goes into liquidation

Related Posts