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The Latest Breaking News from KordaMentha

'Strong interest' as steelworks sales process opens

There is "strong early interest" in the Whyalla Steelworks as the sale process begins and millions of dollars flow into the region from a $2.4 billion package.

AAP

'MacGyvers' praised as steelworks claws back from brink

Administrators have lauded the 'MacGyver-like' skills of steelworkers, as an industry support package injects cash, jobs and confidence into a regional city.

AAP

Woman whose baby died at a Sydney hospital waited 50 minutes after emergency caesarean was called, staff say

Exclusive: Staff say category-one emergency caesarean was called at privately run Northern Beaches hospital but mother gave birth vaginally almost an hour later

The Guardian - AU

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The ‘scary’ state of Whyalla steelworks’ bank balance revealed by administrators

Scathing assessment shows operation was losing $1.5m a day, running low of critical materials and owed creditors more than $1.3bn

The Guardian - AU

What went wrong at Whyalla steelworks and will it end with SA government in legal fight with UK billionaire?

Issues between GFG, Sanjeev Gupta and SA government grumbled along for years, before dramatic events forced company into administration

The Guardian - AU

Steelworks forced into administration to 'save' future

South Australia has ended months of uncertainty over a critical steelworks by placing the plant into administration.

AAP

More than 300 Australian university executives make more money than state premiers, report reveals

Union says average vice-chancellor gets paid almost double the prime minister, with salaries seemingly ‘plucked from thin air’

The Guardian - AU

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CFMEU members urged to anonymously reveal experiences

Disgruntled construction union members can now anonymously reveal their experiences of unlawful conduct as a corruption investigation continues.

AAP

Two cryptocurrency companies collapse owing $160m

Two separate Australian cryptocurrency companies have collapsed while federal court proceedings are being pursued against the directors of the businesses.

AAP

'Not true': Glory hit back at APL over Khelifi saga

Perth Glory manager Alen Stajcic says the APL have not told the truth over the deal to allow Salim Khelifi to leave on loan.

AAP

Glory back on the market after sale deal terminated

Receivers KordaMentha have cancelled the sale of Perth Glory after the Primeland Group-led consortium failed to satisfy certain conditions.

AAP

Jobs slashed as miner Aurora enters administration

Liquidators have been appointed to administer struggling miner Aurora Metals' Queensland assets, with the future of 45 employees in the balance.

AAP

Developer Jean Nassif's Toplace apartments in Castle Hill placed into administration

Two companies run by controversial Sydney property developer Jean Nassif have been placed into receivership, leaving an apartment tower "partially completed".

ABC News

Cool it: Despite cold trucking firm collapse, reports of a supply disaster are overheated

As long as we don’t make things worse, supply-chain shortages should be short-lived – an inconvenience, but not a disaster.

The New Daily

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The New Daily

Food supply delays possible after trucking company’s collapse

Shoppers face the threat of empty shelves in some supermarkets after the collapse of one of Australia's biggest trucking companies.

ABC News

Supermarkets seek to safeguard supply as Scott's Refrigerated Logistics goes under with loss of 1,500 jobs

Supermarket giants Coles and Aldi make contingency plans to protect the supply of goods for customers, as a transport union warns a "rippling effect" could put more jobs in danger.

ABC News

Scott's Refrigerated Logistics in receivership with question mark over 1,500 jobs

The Transport Workers' Union says it will work with receivers to ensure workers are prioritised after Australia's largest cold chain transport operator goes into administration.

The New Daily

Supermarket supply chain fears as trucking giant collapses

One of Australia's largest trucking companies has collapsed, putting 1500 jobs at risk and putting supermarket supply chains at risk.

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AAP

Aussies stung for millions in crypto crash

The FTX collapse wiped many crypto wallets and took out smaller exchanges, but administrators for Aussie platform Digital Surge are working on a rescue plan.

AAP

Kogan snaps up collapsed Brosa for $1.5m

Kogan has bought Brosa for just $1.5 million, days after the online furniture retailer entered administration after growing too quickly during the pandemic.

ABC News

Cryptocurrency broker Digital Surge goes into administration, as the FTX fallout continues

Tens of thousands of Australian investors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration.

The Guardian - AU

Australian administrator of FTX warns customers may not get all their money back

KordaMentha works to untangle web of companies behind crypto exchange and determine who is owed money by which branch of the business

The Guardian - AU

‘I am not a rich person’: 30,000 Australian FTX customers left out of pocket after collapse

Exchange’s local administrators flooded with emails from investors, with claims of up to $1m to date

ABC News

Deliveroo's departure from Australia brings takeaway delivery closer to a monopoly

The collapse of Deliveroo in Australia will mean less choice in the nation's food delivery sector — and ultimately impact hospitality venues, gig economy drivers, and could make your takeaway pricier.

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