Liquidators are probing the multi-million-dollar sale of collapsed Mundella assets, according to a statutory report ABC News covered on November 10, 2026. They are examining whether the sale of Mundella Foods and the Margaret River Dairy Company (MRDC) was an “uncommercial transaction”. Creditors are still owed $12.5 million.
Liquidators at Mackay Goodwin filed the report with the corporate regulator. They found $778,000 of potentially unreasonable director-related transactions, including “frequent cash withdrawals”. More investigation is needed to establish whether the cash went into the business or was unreasonable.
What the liquidators found
The liquidators also found Mundella may have traded while insolvent from as early as July 1,…