Australians who were left with missing teeth and drained superannuation accounts for unfinished work at a dental chain are unlikely to see their money again, according to the company’s liquidator.
A report to creditors by the liquidator of Supercare Dental and Cosmetics Tuggerah said its ongoing investigations indicate financial mismanagement, along with suspected statutory breaches, led to the company’s failure.
The liquidator said it had received more than 330 unsecured creditor claims, totalling almost $2.8 million.
The majority of those claims — more than $2.1 million — were from former patients who had paid up-front for services the company never provided.
The liquidator said its investigations indicate the director transferred…