Companies wound up by ASIC in 2019–20 financial year

ASIC assisted employees gain access to the Fair Entitlements Guarantee scheme (FEG) by exercising its wind-up powers and appointing liquidators to abandoned companies.

The table below lists a number of employees and outstanding entitlements based on information received from employees when requesting ASIC exercise its powers under section 489EA of the Corporations Act 2001 pursuant to guidance outlined in Regulatory Guide 242. ASIC does not warrant the figures represent the actual number of employees and entitlements that may be paid under the Fair Entitlements Guarantee scheme, administered by the Attorney-General’s Department.

Companies that ASIC has wound up in the 2019–20 financial year

CompanyACNPanel liquidator and firmStateNumber of employeesEntitlementsDate
Adraco Group Pty Ltd 608 441 327 Robyn Erskine of Brooke Bird VIC 2 $32,848.62 16 June 2020
JP Sydney Pty Ltd 167 788 043 Andrew Sallway of BDO NSW 1 $14,726.06 13 May 2020
Ken Wood and J A Dempsey Pty Ltd 097 92 660 Mitchell Herrett of RSM Australia Partners QLD 5 $50,577.81 17 February 2020
Snuggler Pty Ltd ACN 101 078 24 Mr Paul Allen of FTI Consulting VIC 5 $56,303.90 20 December 2019
Power Savers Plus Pty Ltd 600 426 542 Robert Brauer of McGrathnicol WA 3 $46,040.40 2 December 2019
ACN 122 899 683 Pty Ltd 122 899 683 Travis Kukura of RSM Australia WA 2 $60,549.60 1 October 2019
Electrical Distribution Technologies Pty Ltd 117 597 583 Justin Holzman of DW Advisory NSW 2 $33,838.01 1 October 2019
Last updated: 11/08/2020 11:29