This Month
- Opinion
- Mosaic Brands
‘Safe harbour’ talk sends Mosaic Brands into rougher seas
The obvious question to ask here is: should the company have disclosed this fact? The less obvious answer is no, not under ASX continuous disclosure requirements.
- Jemima Whyte
Rex’s regional rivals eye an opportunity to expand into key routes
But others in the industry are urging the federal government to step in and provide funding to ensure towns aren’t left without services and staff are paid.
- Ayesha de Kretser
Qantas, Virgin’s hold on Sydney Airport slots to face challenge
Long-awaited changes to Sydney Airport are finally materialising as Labor commits to maintaining regional flights.
- Ayesha de Kretser
The Tax Office comes knocking on Tinkler Group’s door
Billionaire coal magnate turned ex-bankrupt Nathan Tinkler seems to have an issue with paying bills on time.
- Updated
- Max Mason
- Exclusive
- Construction
The banker and the builders want subcontractors to get Paid
Former Bendigo Bank boss Mike Hirst has invested in an app that could protect subcontractors – and shake up the lucrative market for building contracts.
- Michael Bleby
Rex chairman John Sharp breaks silence on CEO pay deal
Rex CEO Neville Howell is essential to keep the airline’s regional flights running because his employment is tied to its air operator certificate.
- Ayesha de Kretser
Rex was months behind payments, as ratepayers left to foot bill
The collapse of Regional Express into voluntary administration is bad news for local councils still reeling from the loss of Bonza, which also left unpaid airport fees.
- Ayesha de Kretser and Phillip Coorey
Rex called in advisers in May, Westpac emerges as creditor
Documents filed with ASIC on Thursday show EY had been called in by Rex’s major lender PAG months before it went into voluntary administration.
- Ayesha de Kretser
July
Rex needs a buyer willing to spend big on planes
The government is downplaying its interest in a bailout, but may have no choice but to stump up to help keep the regions connected.
- Ayesha de Kretser and James Hall
ASIC bans Dominique Grubisa over failed companies
The “wealth guru” has copped yet another ban on managing companies for her involvement in two companies which traded while insolvent and went bust owing creditors more than $300,000.
- Max Mason
Ready-to-drink vodka maker Billson’s Beverages goes bust
Beechworth-based Billson’s was established in 1865. Co-owner Nathan Cowan is “devastated” at the collapse, caused by a spending downturn and punishing excise taxes.
- Simon Evans
- Updated
- Aviation
Over 600 jobs at risk after Rex grounds flights
Over 600 jobs at troubled airline Regional Express are at risk, the administrator told workers on Wednesday after the company’s shares were suspended and flights grounded between capital cities.
- Updated
- Ayesha de Kretser
Home building crisis worsens with young tradies out of work
The wave of construction insolvencies is worsening an undersupply of homes and skills shortages, as trade apprentices are forced to drop out of TAFE courses.
- John Kehoe and Tom Rabe
Carl’s Jr local brand holder calls in KPMG
As voluntary administrators consider the sale of 20 burger stores, some Carl’s Jr franchisees are still in business.
- Jemima Whyte
The restructuring bigwig in line for the CFMEU gig
The federal government’s move to appoint an administrator to the CFMEU is surely one of the hottest tickets in town.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Construction collapses lead record insolvency year
It was the highest number of annual insolvencies recorded by ASIC since records dating back to 1999-2000 and surpassed the previous high at the tail end of the global financial crisis.
- John Kehoe
Lex Greensill accused of misconduct in UK legal twist
Details of the UK Insolvency Service’s lawsuit against the Australian emerged after the High Court in London ordered a partial release of documents.
- Cynthia O’Murchu and Robert Smith
End of the road comes in two-decade saga over sandalwood group Quintis
The company once known as TFS Corporation will be split up and liquidated after KordaMentha failed to find a buyer for the entire business.
- Simon Evans
Mighty Craft collapses after calling off merger with Better Beer
The ASX-listed beverages group owns 33 per cent of the brewery, backed by The Inspired Unemployed. But it has fallen into administration, appointing Ankura.
- Simon Evans
Beaconsfield says Keystone demands forced receiver appointment for NQH
The US investment manager says it was forced to appoint receivers after Keystone Asset Management demanded immediate repayment of a $15 million unsecured loan.
- Max Mason
