Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Australia seeks to liquidate Melbourne gym chain Derrimut 24:7 to recover $12.5M in unpaid taxes, with a court hearing set for Nov. 28.

flag The Australian Tax Office is pushing for the liquidation of Melbourne gym chain Derrimut 24:7 to recover $12.5 million in unpaid taxes and superannuation, with a Federal Court hearing adjourned to November 28. flag Major creditors oppose a delay, citing insufficient proof of solvency despite prior extensions. flag A proposed rescue deal with billionaire Adrian Portelli has collapsed. flag The company’s assets, including gyms in Thomastown, Ravenhall, and Derrimut, are being sold by receivers, expected to bring in $30 million, but are encumbered by existing loans. flag Founder George Solomos faces a separate $2.9 million tax claim, with total debts exceeding $30 million.

3 Articles