Australia’s plastics recycling in jeopardy after company collapse: ‘Increasingly unviable’

Australia’s troubled recycling sector is facing another potentially devastating blow, with a major facility that processes 20,000 tonnes of plastic annually entering voluntary administration. Dozens of jobs hang in the balance after it was announced this week that Recycling Plastics Australia had appointed voluntary administrators. The company’s future is now uncertain — with administrators assessing…

Embattled Sydney property developer Bathla warns it could fold by the end of the week | Business

The administrators of embattled property developer Bathla Group have said the company will fold by the end of the week unless they can secure additional funding to keep it afloat. The insolvency advisory Teneo assumed control of Bathla’s operations on 25 August after the Sydney-based construction company went into voluntary administration under the weight of…

RPA enters administration as packaging reform stalls

The voluntary administration of Recycling Plastics Australia has placed about 60 Adelaide jobs and a significant part of Australia’s plastics-processing capacity at risk, intensifying industry criticism of the Federal Government’s decision not to introduce a national packaging scheme during its current term. Tim Mableson and Edward ‘Ned’ Swifte of KPMG were appointed voluntary administrators of…