A lack of regulation by the NSW government has been blamed for the collapse of a major sydney development company, leaving thousands of owners in limbo. Key points: Toplace Pty Ltd has gone into voluntary administration Stuctural defects have been found at several of its developments Premier Chris Minns insists the building commissioner will be tough on…
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Facing separate but challenging market forces, rugby union club the melbourne Rebels and vacuum cleaning retailer Godreys have both entered voluntary administration, with PwC called in on both. The restructuring arm of professional services firm PwC has been engaged on two fresh headline-making administrations, that of Super Rugby club the Melbourne Rebels and the collapse…
DetailsBy HARRISON CHRISTIAN FOR DAILY MAIL AUSTRALIA Published: 13:39 AEDT, 19 December 2024 | Updated: 14:39 AEDT, 19 December 2024 A popular restaurant and wedding venue in
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Developers of six major Queensland projects left in limbo after builder GCB Constructions collapsed into voluntary administration have taken back their work sites. Construction contracts for the developments dotting the state’s south-east corner from the gold coast to the Sunshine Coast have been terminated. They include multi-million-dollar expansions at Ramsay Health’s Sunshine Coast University Private…
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The debt-riddled melbourne Rebels will play out the 2024 Super Rugby Pacific season but there is no long-term commitment to the club which entered voluntary administration on Monday night. Rugby Australia confirmed it was committed to getting the Rebels, who have debts of around $9 million and needed a $500,000 bailout to pay players and…
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The perth-based Forge Group has gone into voluntary administration as the company tries to secure its future. Shares in the embattled engineering company were placed into a trading halt earlier today after financial backers, the ANZ group, withdrew its support. ANZ has told the ABC that it worked hard in recent months to support Forge…
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gold coast-based construction giant Condev has been forced to appoint a liquidator as market and material costs threaten the company’s bottom line. The Queensland firm called a last-bid meeting on Monday with developers from around the country in a bid to raise cash for ongoing operations. The meeting did not provide the solution – thought…
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The chairman of the melbourne Rebels, Paul Docherty, has stepped down from the embattled Super Rugby club, with Rugby Australia forced to step in and take over the running of the franchise after it fell into administration. Rugby Australia confirmed on Tuesday that the rugby union club had entered voluntary administration, one month after The…
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After more than 30 years, the perth Theatre Company has gone into voluntary administration. The theatre said the company’s business and financial model was un-sustainable in the current economic environment. Company chairman Dr Saliba Sassine said the theatre had not been successful in finding a solution to its financial problems and had now decided to…
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The brisbane Irish Club has been placed into voluntary administration and three directors have resigned amid ongoing financial difficulties. In a memorandum published on the Queensland Irish Association’s website, company secretary Paul Hogan wrote that the new board, appointed in November 2014, had been attempting to monitor the QIA’s financial position. The Brisbane Irish Club…
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