Less than one year after being put up for sale and one week after gaining shareholder approval for a planned $10 million capital raise, embattled Australian spirits producer Top Shelf International has been placed into voluntary administration following an extended period of economic hardship and debt pressure.

Announced to shareholders yesterday, the decision follows shortly behind Top Shelf’s $8 million Campbellfield production facility sale, which at the time was reportedly enough to fully repay the business’ outstanding ATO excise liability, with $4.8 million left over to be put towards other debts.

It also follows behind the recently-announced and soon-approaching departure of CEO Trent Fraser on 21 November this year.

Partners…

CINCINNATI — For families and homeowners who owe thousands in unpaid property taxes, help may be on the way — and it may be time to check your mailbox.

Mayor Aftab Pureval, alongside Hamilton County Treasurer Jill Schiller, the Port of Greater Cincinnati Development Authority and housing advocates, announced a new property tax relief program Monday morning.

“This is our way of being proactive, of getting and rushing help where it’s really, really needed at this moment,” Pureval said.

The Port described the program as a “one-time opportunity to relieve delinquent property taxes” for eligible homeowners. Approximately 250 eligible homeowners are set to be informed by mail over the coming days and weeks.

The criteria for those…

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It…

Earlier this year, the popular Auckland Cafe chain Little and Friday closed its final store in Ponsonby. That was a great personal disappointment for me as its food was wonderful, although my waistline is probably all the better for its closure.

It has now emerged that at the time of its closure, the owners owed $640,000 in tax and the company has now been put into liquidation owing creditors over $1.4 million.

This obviously puts a different complexion on the closure, and it also prompted an interesting debate amongst my tax agent colleagues, with quite a few pointing out the…

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AFSCME President Lee Saunders called out the administration for trying to change eligibility for the Public Service Loan Forgiveness Program and said members of our union will fight it.  

PSLF helps many AFSCME members who are struggling with student debt.  

The Department of Education proposed a new, politically motivated rule Friday. It would revoke PSLF eligibility from public service workers whose employers are thought to be at odds with the administration’s anti-worker agenda.  

The change, Saunders said, is a clear sign that this “billionaire-run administration continues…

If you’ve shopped online recently, there’s a good chance that you’ve encountered the checkout screen flashing with an offer to split the price of your purchase into four (or more) easy payments. No interest, no hassle — just click and buy. These consumer-friendly options, offered by buy now, pay later services like Klarna, Afterpay and Affirm, are marketed as a low-cost alternative to credit cards and…

As previously communicated, Hotel Fast SSE AB (the “Company”) has, since January 2025, not completed payments to the Company’s creditors and the board of directors of the Company has reviewed potential strategic alternatives, including the possibility to sell all or parts of the group’s assets. Subsequent to this, the board of directors has identified potential buyers of the Company’s business and now seeks shareholders’ approval of these transactions. In view thereof, the board of directors of the Company has resolved to convene an extraordinary general meeting (the “EGM”) to be held on September 4, 2025.

In connection with this, the board of directors has prepared a balance sheet for liquidation purposes in accordance…