Latest news with #DavidSwift
West Australian
3 days ago
- Business
- West Australian
NSW trucking company DJK Transport goes bust after 57 years
An Australian trucking company has gone into liquidation after almost 60 years in business. DJK Transport entered voluntary liquidation on Friday, after a restructuring practitioner was appointed in June. The business is listed as being based out of Austral in southwest Sydney, and according to their website has been a 'trusted transport service since 1968'. DJK Transport provided local and interstate freight and distribution, including trailers, tautliners, and flat-top trucks, according to their website. The company previously undertook mine-related freight work, as well as freight work for distribution centres for chain supermarkets and department stores. DJK Transport entered voluntary liquidation on Friday. NCA NewsWire / David Swift Credit: News Corp Australia A liquidation notice posted to ASIC revealed that it was resolved at a general meeting on August 8 that the company be wound up. Danny Tony Vrkic was appointed liquidator. It comes after a further two transport companies entered voluntary liquidation on Friday, including AKG Trucking and Round Em Up Transport. DJK Transport has been contacted for comment.
Perth Now
3 days ago
- Business
- Perth Now
Aussie trucking company goes bust
An Australian trucking company has gone into liquidation after almost 60 years in business. DJK Transport entered voluntary liquidation on Friday, after a restructuring practitioner was appointed in June. The business is listed as being based out of Austral in southwest Sydney, and according to their website has been a 'trusted transport service since 1968'. DJK Transport provided local and interstate freight and distribution, including trailers, tautliners, and flat-top trucks, according to their website. The company previously undertook mine-related freight work, as well as freight work for distribution centres for chain supermarkets and department stores. DJK Transport entered voluntary liquidation on Friday. NCA NewsWire / David Swift Credit: News Corp Australia A liquidation notice posted to ASIC revealed that it was resolved at a general meeting on August 8 that the company be wound up. Danny Tony Vrkic was appointed liquidator. It comes after a further two transport companies entered voluntary liquidation on Friday, including AKG Trucking and Round Em Up Transport. DJK Transport has been contacted for comment.
Perth Now
5 days ago
- Business
- Perth Now
Qantas launches massive airfare sale with Perth flights included
Qantas has announced a major domestic airfare sale, offering more than one million discounted seats across its extensive domestic network for one week only. One-way fares start from as low as $105, covering more than 60 destinations nationwide, including new routes like Newcastle and Hobart to Perth. Qantas has announced more than one million discounted seats nationwide. NewsWire / Gaye Gerard Credit: News Corp Australia Notably, some discounted fares are available for travel during busy peak periods, including the January 2026 summer school holidays and Easter, making it an ideal time for Australians to plan an outback adventure, coastal holiday or city escape. One standout fare offers one-way economy seats from Ballina (Byron Bay) to Sydney starting at $105, with travel dates available from October 2025 through to June 2026. Qantas frequent flyers can also benefit from the sale, with Classic Plus reward seats available across the network. For example, customers can book from Launceston to Melbourne for 5200 points plus $57 or from Coolangatta (Gold Coast) to Sydney for 6100 points plus $58. All Qantas fares include checked baggage and complimentary food and beverages. Some discounted fares are available for travel during busy peak periods, including the January 2026 summer school holidays and Easter. NewsWire / David Swift Credit: News Corp Australia The sale fares are valid for travel on selected dates between October 2025 and June 2026 and will be available until 11.59pm (AEST) Monday, August 18 or until sold out. Qantas Domestic chief executive Markus Svensson said it was the airline's sixth network-wide domestic sale this year. 'We're thrilled to be offering over one million discounted seats for customers,' Mr Svensson said. 'Whether you're travelling to visit family and friends or to explore our very own backyard, there is something for everyone. 'It's also a great chance for Australians to get in early and book their holidays next year, with travel dates over the January school holidays and Easter available.' The sale fares are valid for travel on selected dates between October 2025 and June 2026. Image: Qantas Credit: News Corp Australia For a full list of sale fares and travel dates, customers are encouraged to visit
Perth Now
5 days ago
- Business
- Perth Now
Qantas launches huge fare sale
Qantas has announced a major domestic airfare sale, offering more than one million discounted seats across its extensive domestic network for one week only. One-way fares start from as low as $105, covering more than 60 destinations nationwide, including new routes like Newcastle and Hobart to Perth. Qantas has announced more than one million discounted seats nationwide. NewsWire / Gaye Gerard Credit: News Corp Australia Notably, some discounted fares are available for travel during busy peak periods, including the January 2026 summer school holidays and Easter, making it an ideal time for Australians to plan an outback adventure, coastal holiday or city escape. One standout fare offers one-way economy seats from Ballina (Byron Bay) to Sydney starting at $105, with travel dates available from October 2025 through to June 2026. Qantas frequent flyers can also benefit from the sale, with Classic Plus reward seats available across the network. For example, customers can book from Launceston to Melbourne for 5200 points plus $57 or from Coolangatta (Gold Coast) to Sydney for 6100 points plus $58. All Qantas fares include checked baggage and complimentary food and beverages. Some discounted fares are available for travel during busy peak periods, including the January 2026 summer school holidays and Easter. NewsWire / David Swift Credit: News Corp Australia The sale fares are valid for travel on selected dates between October 2025 and June 2026 and will be available until 11.59pm (AEST) Monday, August 18 or until sold out. Qantas Domestic chief executive Markus Svensson said it was the airline's sixth network-wide domestic sale this year. 'We're thrilled to be offering over one million discounted seats for customers,' Mr Svensson said. 'Whether you're travelling to visit family and friends or to explore our very own backyard, there is something for everyone. 'It's also a great chance for Australians to get in early and book their holidays next year, with travel dates over the January school holidays and Easter available.' The sale fares are valid for travel on selected dates between October 2025 and June 2026. Image: Qantas Credit: News Corp Australia For a full list of sale fares and travel dates, customers are encouraged to visit
Perth Now
10-07-2025
- Business
- Perth Now
Worrying update after super fund collapse
Thousands of Australians who have invested their superannuation into First Guardian have been told they may not be able to recover all of their funds, and it could take more than a year for them to get their money back. About 6000 Australians have invested $590m into the superannuation fund, which was founded in 2019 as a management investment scheme. Investors were advised to roll their money into a retail choice super fund, then invest their funds into First Guardian, which was available to investors on the superannuation platforms Equity Trustees, Netwealth and Diversa. Thousands are at risk of losing their nest egg. NewsWire / David Swift Credit: News Corp Australia Customers said they were unaware their funds were being transferred to First Guardian Master Fund despite the details being written in the company's legal documents. The fund collapsed earlier this year, leaving thousands of customers in the lurch and unsure if they will ever see their money again. FTI Consulting liquidators Paul Harlond and Ross Blakely, who released their preliminary report into the fund, said they 'intend to undertake further investigations', including the determination 'whether any breaches of the Corporations Act or any other laws have occurred by any party … or any other circumstances exist, which may give rise to a potential claim by investors'. The superannuation fund collapsed earlier this year. NewsWire / Christian Gilles Credit: News Corp Australia In their report, the liquidators said they were 'seeking compensation on behalf of members of the fund for losses suffered', which could be as high as $446m. However, they also hold fears investors may never see their funds again. Their assessment found the 'overall recoverable value of the investments is likely to be considerably less than their combined book value' and a 'substantial shortfall of recoverable assets to outstanding investor funds will therefore likely arise in the liquidation'. In the report, the liquidators said 'a large proportion of investors in the (First Guardian Master Fund) invested through investment platforms', adding the recovered funds may not be as high as hoped. ' … the liquidators consider the value of the assets may have been overstated in the accounts,' the report read. 'It is very likely that some of the funds' assets/investments are not recoverable or will not recover their full ascribed value. Indeed, significant shortfalls to book values are expected.' About 6000 Australians invested their money into the fund. NewsWire / Nicholas Eagar Credit: NCA NewsWire The ABC reports the liquidators noted much of the money invested had gone to 'illiquid investments such as property developments and equity positions in related companies that may have shared a common director with the company'. The liquidators said it would take 'certainly beyond 12 months' to complete their investigation and wind up the business due to the 'complexity and number of outstanding matters' in the liquidation. 'The liquidators consider that the liquidation and the winding up of the funds will continue for and take some time to complete,' the report read. The liquidators warned they may not be able to recover all of the money. NewsWire / Luis Enrique Ascui Credit: News Corp Australia Corporate watchdog Australian Securities and Investments Commission (ASIC) confirmed it was launching an investigation. Falcon Capital Ltd is responsible for the failed superannuation fund, with ASIC investigating its former managing director David Anderson, who allegedly funnelled funds from superannuation members into his failed property developments and craft breweries. It's alleged Mr Anderson also poured the investor's savings into celebrity chef Scott Pickett's restaurant empire, of which he was an investor, ABC reported last week. Mr Anderson's assets have been frozen and his passport has been seized as Federal Court-appointed liquidators and investigators sort through financial records. ASIC is investigating. NewsWire / Nicholas Eagar Credit: NewsWire ABC reported Mr Anderson allegedly moved $274m into offshore companies after he was alerted about the corporate watchdog's probe. The watchdog alleges $5.6m was deposited into Mr Anderson's ANZ account between June 2022 and September last year 'without any legitimate basis for payments in that amount being apparent to ASIC or disclosed to investors'. ASIC also alleges Mr Anderson used $16,000 to make mortgage payments on his $9m home overlooking the Yarra River. Mr Anderson's legal representative, Dan Mackay of Mackay Chapman, told the ABC last week 'there have been no findings of fact or law by any court or tribunal, nor by ASIC'. 'Mr Anderson will fully exercise his rights in response to allegations which may be made against him at the appropriate time in the appropriate forum,' he said.
