Tag: Administration

One of Australia’s largest construction companies, Grocon, has gone into administration, leaving subcontractors at risk of unpaid contracts. Grocon is known for developments such as Melbourne’s casino, Eureka Tower and the Rialto Towers. Grocon’s chief executive, Daniel Grollo, blamed its administration on Infrastructure NSW for its handling of the Central Barangaroo project. “It is unfortunate […]

Virgin Australia has reportedly filed for voluntary administration as it’s overwhelmed by massive debt brought on by the coronavirus lockdowns. An airline spokesman wouldn’t comment on Monday evening about various media reports. The Sydney Morning Herald and the Age reported that a decision was expected to be made at tonight’s board meeting and that accounting […]

Ms Soutsakhorn Chanthabouly (known as Nicole Khammenathy) of Carnes Hill, NSW has been convicted and sentenced after pleading guilty to charges related to illegal phoenix activity. Ms Chanthabouly was charged with one count of breaching her director duties and another count of destroying company records, following an investigation by ASIC. She was sentenced to a […]

Research reveals financial and emotional burden of administration on small businesses ahead of new Single Touch Payroll reporting regulation Australian small businesses estimated to collectively spend over $20B a year on admin and payroll Half of small business owners also willing to sacrifice wellbeing Reckon launches hub to help small business owners get ‘in the […]

Retailer falls into administration.

Dessert company goes into administration.

Thursday, 25 May 2017 Source: Ten Network Holdings   Ten Network Holdings Limited (ASX: TEN) (“TEN” or “the Company”) announces that Mr Mark Korda, Ms Jennifer Nettleton and Mr Jarrod Villani of Korda Mentha have been appointed as voluntary administrators of the Company and each of its subsidiaries (together the “Ten Group”) by the Ten Group […]

After spending years getting yourself up and running, working on sales and the front end, it’s likely that the back end – accounting practices and accounts receivable – have been somewhat forgotten. With more and more companies defaulting on payments, going into administration and getting wound up by the ATO, now more than ever is the […]

Non-essential tasks and poor performing technology are eroding employee engagement and productivity, costing Australian and New Zealand organisations $56 billion per year, a new study reveals. Workforce management solutions provider Kronos partnered with Coleman Parkes Research to assess the the level of engagement within Australian and New Zealand businesses. As part of this undertaking, the […]

Back in the brick-and-mortar days all any upstart needed to launch a new venture was a bank loan and a bit of gumption. And while the rules of commerce and capital have remained fundamentally the same, there have been seismic shifts in the technological and marketing landscape. That means businesses have to be more forward […]