Rex enters voluntary administration, grounds 737s – St George & Sutherland Shire Leader
Rex enters voluntary administration, grounds 737s St George & Sutherland Shire Leader Read the original article here
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GigSuper holding company, for gig workers and sole traders, enters voluntary liquidation
The holding company of a superannuation fund created seven years ago to service ‘gig economy’ and self-employed workers has entered voluntary liquidation. The GigSuper Group collapsed just over two years ago, reportedly owing creditors $2.7 million. Both the holding company, GigSuper Holdings Pty Ltd, and the subsidiary company, GigSuper Pty Ltd, entered voluntary administration in…
Billson’s Brewery administrators ‘optimistic’ buyer can be found
In short: An appointed administrator overseeing the historic brewery says he’s “optimistic” a buyer can be found for the business despite its financial woes. Thirty staff were made redundant following the announcement the brewery entered voluntary administration on Wednesday. What’s next? Administrator’s say they will keep the business operating while they seek a buyer. Administrators…
ATO ‘hell bent’ on chasing down $34bn in small business debts
The ATO is “hell bent” on chasing down $34 billion worth of debts owed by small businesses using director penalty notices (DPNs) and legal action, insolvency professionals say. Insolvency Australia (IA) members said that recent activity showed the ATO was not only coming good on its promise to end its pandemic-era leniency but that it…
GigSuper goes into liquidation – Financial Standard
GigSuper goes into liquidation Financial Standard Read the original article here
Popular drinks company Billson's collapses – The Northern Daily Leader
Popular drinks company Billson’s collapses The Northern Daily Leader Read the original article here
Corporate Insolvencies Q2 2024 | Deloitte Ireland
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Crown Group founder fails to raise funds to buy back 473-unit site
Crown Group co-founder Paul Sathio, who lost control of the business when it was pushed into liquidation last year after 25 years of operation, finds himself a further $6 million out of pocket after failing to raise enough funds to buy one of his former company’s largest development sites. Crown Group, founded by Indonesia-born businessmen…
Australia’s Rex Enters Voluntary Administration
DALLAS — Australia’s third-largest airline, Rex (ZL), has entered voluntary administration and canceled flights on several routes. Australia’s Regional Express, known locally as Rex, has grounded all its Boeing 737 aircraft. The airline has suspended its flights between Australia’s major cities. However, ZL will continue to operate flights to and from regional cities, operated by…