There are growing fears about the number of zombie companies being artificially propped up by wide-ranging government support and the damage they could do to other small businesses. Data from the Australian Securities and Investments Commission shows the number of companies entering administration in WA in September was down almost 42 per cent on last…
Member Article Corporate insolvencies decreased to 856 in October 2020 compared to Septembers figure of 925, and remained well below October 2019s figure of 1,485. Personal insolvencies increased to 11,939 in October 2020 compared to Septembers figure of 7,458, and were higher than October 2019s figure of 10,030. Eleanor Temple, chair of the insolvency and…
Monday, 16 November 2020, 4:02 pmPress Release: Bayleys Realty Group A Kiwi-designed tourism and hospitality software system and business has been placed on the market for sale by its liquidators Lynda Smart and Geoff Brown of Rodgers Reidy. The business and IT software system allow small-to-medium sized tourism and hospitality operators to take third-party on-line…
The flagship exhibition brings together three distinct curatorial visions across the premier art spaces of the MCA, Carriageworks, and the Art Gallery of NSW. Since it was launched in 2017, the biennial exhibition has aimed to nurture emerging, mid-career, and established artists from across Australia while introducing them to new audiences. Some of the exhibition’s…
The flagship exhibition brings together three distinct curatorial visions across the premier art spaces of the MCA, Carriageworks, and the Art Gallery of NSW. Since it was launched in 2017, the biennial exhibition has aimed to nurture emerging, mid-career, and established artists from across Australia while introducing them to new audiences. Some of the exhibition’s…
PIL SS Teo-led Pacific International Lines (PIL) has detailed how it intends to restructure and carry on business, urging noteholders to avoid pushing for a liquidation of the under pressure liner company. PIL has already received $112m to tide it over from Heliconia Capital Management, a unit of Singapores sovereign wealth fund, Temasek Holdings. In…
Robert Charles/Stuff Energy City Cabs went into voluntary liquidation on November 10. One of Taranaki’s longest running taxi companies has gone into liquidation, but you may not notice much difference. Energy City Cabs, known for their jingle wanna cab, need a cab, get a cab to go , have ceased operating in Taranaki and went…
Robert Charles/Stuff Energy City Cabs went into voluntary liquidation on November 10. One of Taranaki’s longest running taxi companies has gone into liquidation, but you may not notice much difference. Energy City Cabs, known for their jingle wanna cab, need a cab, get a cab to go , have ceased operating in Taranaki and went…
Virgin Australia has put a positive spin on the realities of near-empty airports, as a young girl expresses her excitement to be back in the air, by dancing through the airport to INXSs What you need. Titled You cant keep a good thing down, the campaign is the first major marketing activity since Virgin Australia…
Virgin Australia is celebrating its emergence from voluntary administration on Tuesday with an early drop of more than half a million fares from $75. While the best deals are out of Sydney, flights from Brisbane start at $89 – to Newcastle, Proserpine and Sydney – and top out at $159 to Launceston. Pack your bags…