The Seven West board, led by Kerry Stokes, has probed shock claims of cocaine and sex workers plaguing investigative program Spotlight, with questions raised over the extent of knowledge in the finance department and among Seven executives. News.com.au understands that news and current affairs boss Craig McPherson told the executivesContinue Reading
It seemed too good to be true — and it was. In scenes akin to the ‘Fyre’ Netflix documentary, which follows a charming man conning partygoers into a fantasy luxury festival on a posh island, David Prince-Popovich flew a group of new friends on a private jet to enjoy theContinue Reading
The senator leading the inquiry into Australia’s corporate regulator has savaged the watchdog in a blistering speech to parliament. In October last year, the senate voted in favour of holding an inquiry into the Australian Securities and Investments Commission (ASIC) over concerns it was “failing to meet its obligations asContinue Reading
Calls to administrators, liquidators and insolvency firms are up by more than 50 per cent in the last three months, as data reveals the “perfect storm” pushing thousands of Aussie businesses towards bankruptcy. The number of Australian businesses going bust has risen dramatically in the past year, according to theContinue Reading
An Aussie boss who suspected his staff were “taking him for a ride” while working from home took matters into his own hands by tracking their call logs. The director of a company — who can’t be named for legal reasons — knew something was wrong when contribution to workContinue Reading
A court has spared an embattled building company from going into liquidation despite mounting debts, a “long line of creditors”, and the landlord repossessing the office space. On Wednesday morning, Melbourne-based Como Homes Pty Ltd was called in the Victorian Supreme Court after disgruntled creditors initiated winding up proceedings againstContinue Reading
The boss of a failed building firm has been forced to sell two of his properties and will have to sell his most valuable one to pay back creditors. But so far, the company appears to have been dragging its heels about paying the proceeds of the past two salesContinue Reading
The repercussions of the pandemic and rising cost of living has claimed another victim in the hospitality industry, forcing an iconic Australian restaurant to shut its doors in two locations across NSW. Hog’s Breath Cafe in Tuggerah and Coffs Harbour reportedly entered liquidation on Friday, after “temporarily” closing the venuesContinue Reading
A former customer of a collapsed electrical company in South Australia is furious after receiving an unsolicited text message from the new business that the director started up. Adelaide-based electrical and energy company Sharpe Services went into liquidation on July 11, 2022, with 104 unsecured creditors owed $6.4 million, accordingContinue Reading
Australia’s biggest tea manufacturer has revealed its difficult decision to halt production at its Far North Queensland plantation to transition into a more cost-effective model. Nerada Tea blamed increased costs of fuel and fertiliser in combination with reduced black tea demand from Australian consumers for the decision. Produce on theContinue Reading