A disability services labour hire company has entered voluntary administration and laid off 27 staff blaming regulatory changes, withheld NDIS payments and rising workforce costs. United Foundation notified staff this week that administrators from Mackay Goodwin had been appointed in a move it described as a step to “keep trading while we sort the finances…
Small business owners and workers owed millions of dollars by an iron ore mine that has gone into administration are criticising the Northern Territory government for allowing it to keep operating for months without enough money to pay its bills. Iron ore mining company Nathan River Resources (NRR) has gone into voluntary administration, with ASIC…
Dozens of students completing VCE Chinese language subjects face an uncertain future after a Chinese community language school went into voluntary administration this week. In an email sent to students and parents on Tuesday, administrators for the Western Chinese Language School (WCLS), in Melbourne’s western suburb of Braybook, said they had immediately started reviewing the…
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Creditors owed more than $7 million after the sudden cancellation of Byron Bay’s Bluesfest in March are unlikely to recoup all of the money they are owed, a new financial report has revealed. The company running the festival went into liquidation in March, three weeks before the Easter event was due to begin. Worrells, the…
Next week could be D-Day for the commercial survival of sugar giant Tongaat Hulett. Arguments for and against its provisional liquidation will be presented in the Durban High Court on Tuesday and Wednesday. The SA Canegrowers Association, which represents 27 000 small-scale growers and 1 100 large-scale commercial growers, has painted a dire picture should…
Nathan River Resources Administration: The $360 Million Collapse Explained Discovery Alert Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…