Student debt relief measures are anticipated in Australias 14 May federal budget, after prime minister Anthony Albanese acknowledged shortcomings in the Higher Education Loan Programme (Help). Speaking on the Hit radio network, Mr Albanese said the government was examining the Australian Universities Accords recommendations to reform the student loan scheme informally known as Hecs and would…
DetailsA Queensland-based entity, Bundaberg Farming Co Pty Ltd, has entered liquidation, subsequent to a court mandate, with its debts surpassing $16 million. The liquidation directive was issued by the New South Wales Supreme Court, which appointed Glenn Livingstone of WLP Restructuring as the liquidator. Previously engaged in fruit and vegetable cultivation, the company was inactive…
DetailsOne of Western Australias biggest residential building companies has collapsed, with Collier Homes falling into liquidation after more than 60 years. The Australian Securities and Investment Commission confirmed the company would shut down, with Robert Conry Brauer and Linda Methven Smith, from McGrath Nicol, appointed as liquidators. Collier Homes was created in 1959 by Raymond…
DetailsThe West Australian exclusive One of WAs biggest and best-known residential building companies has collapsed, with Collier Homes collapsing into liquidation after more than 60 years in business. The Australian Securities and Investment Commission revealed on Tuesday that the company would be wound up, and that it had appointed Robert Conry Brauer and Linda Methven…
DetailsApr 23, 2024 4.54pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Lutum, the national roofing tiles and masonry products supplier spun out of ASX-listed Boral in 2021, went into voluntary administration on Tuesday with outstanding debts of $20 million. EY…
DetailsLast week, the Australian Securities and Investments Commission (ASIC) released its latest insolvency data, covering the period from 1 July 2023 to 31 March 2024. The data showed a rise in the number of Australian companies that failed within the nine-month period of data collection. During this nine-month period, Australian financial regulators reported a 36…
DetailsThe High Court has approved a Personal Insolvency Arrangement allowing a Co Meath couple to write off over 2.65m of debt owed to mainly financial funds. Under the terms of the arrangement Thomas and Valerie Johnson will be able to retain their family home at Liscannor Lodge, Drumree Road, Dunshaughlin in Co Meath. The couple’s…
DetailsA Bundaberg farming company has gone into liquidation while owing $16 million to creditors, in the latest financial scandal to hit the farming empire. The New South Wales Supreme Court issued a winding up order and appointed a liquidator for Bundaberg Farming Co Pty Ltd on March 6, 2024. Roberto Barbera, a member of the…
DetailsA number of local councils in England, including Birmingham, Nottingham and Croydon, have effectively declared themselves bankrupt in recent years, and many more are at risk. A decade of cuts to local authority budgets and increasing demands on services such as social care are forcing councils to make difficult financial decisions. But its not just…
DetailsA Bundaberg farming company has gone into liquidation while owing $16 million to creditors, in the latest financial scandal to hit the farming empire. The New South Wales Supreme Court issued a winding up order and appointed a liquidator for Bundaberg Farming Co Pty Ltd on March 6, 2024. Roberto Barbera, a member of the…
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