Pascoe Vale’s RSL club has gone bust, with administrators called in to work out a rescue plan, and there are fears five more clubs across melbourne could follow. Liberal Senator Alex Antic discusses an appeal from RSL Victoria of $840,000 for ANZAC Day celebrations. “The answer to that is because this government is horribly out…
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Tens of thousands of Australian investors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration. Key points: brisbane-based cryptocurrency broker Digital Surge has gone into voluntary administration The company is proposing a “rescue plan” but this would need to be approved by its 30,000 creditors…
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Major Queensland building company LDC has become the latest in the field to enter voluntary administration, with creditors owed more than $7 million. The home builder went into liquidation on Friday. The construction industry has been rocked by a number of company collapses in recent months, with a skills shortage, high materiel costs and a…
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The Australian aviation industry has suffered another blow with regional airline Rex announcing it has gone into voluntary administration. Speculation had been mounting on the future of the airline, after Rex suspended share trading on the ASX on Monday. Flights between major airports have been cancelled, which begs the question: what should you do if…
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An article published November 16, 2023 incorrectly reported that the company behind F45 South perth Gym had gone into liquidation. That is not correct. Sweet Carlton Ventures Pty Ltd has not collapsed and F45 South Perth Gym remains open. The article was intended to refer to an entirely different F45 studio in East Victoria Park. F45 South Perth Gym is…
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Above: Sule Arnautovic from Salea Advisory Access Print Solutions, Graphic Print Group (GPG) and Graphic Web in sydney and Adelaide are now for sale after entering voluntary administration with 50 employees affected. Sule Arnautovic from Salea Advisory has been appointed voluntary administrator for the three businesses by the directors of the business. Arnautovic is a…
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A training college for China Southern Airlines pilots operating from perth‘s Jandakot Airport has gone into voluntary liquidation, with more than 60 local staff losing their jobs. Key points: The training college for China Southern Airlines had employed 62 local staff A liquidator hopes to sell the college’s 37 planes and Merredin Airport The Wheatbelt…
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The parent company of melbourne builders Eight Homes and Urbanedge Homes has entered voluntary administration, telling its customers “all builders are facing unprecedented challenges” because of the rising cost of materials and labour. Steve Maher, CEO of Mahercorp, said the company entered voluntary administration on Friday afternoon in an email to clients, sighted by The…
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In short: perth builders Collier Homes was placed into liquidation earlier this week, after more than 60 years in operation. It is the latest in a series of building company collapses that have plagued the industry nationwide since the COVID pandemic. The WA government said it stood by its post-COVID stimulus packages that ‘turbo-charged’ the market.…
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The Kirribilli Club in sydney’s north shore has entered voluntary administration. The club appointed Hugh Armenis of SV Partners administrator on June 19. After an initial period of trading to “assess the status” of the club, it ceased trading on June 24. The ex-services club, with over 18,000 members, was founded in 1946, and boasts…
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