MONEY gathered for charitable community causes may instead be put towards settling with unsecured creditors, following the liquidation of a partner company.
The Somerset Regional Council has hosted Mayoral Gala Charity Balls for several years, with the aim of creating a fund that could be used by people and groups in the community.
In 2017, 2018, and 2019, the council partnered with Fundraising Auctions Pty Ltd for the galas, but in March this year, the company went into liquidation.
READ MORE: New policy to change the way fundraising donations are spent
At their meeting this week, councillors were advised that people who gained vouchers during the 2019 gala but hadnt redeemed them prior to the company folding would likely rank as unsec…
Read the full article at: https://www.gattonstar.com.au/news/charity-fund-to-foot-bill-for-company-collapse/4035678/
