ADMINISTRATORS appointed to oversee Fernbrew Pty Ltd have confirmed they are looking at the wholesale and distribution aspects of Rex D’Aquino’s business.
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Hall Chadwick partners Richard Albarran, Brent Kijurina and David Ingram were appointed on January 30 after Mr D’Aquino opted to put the company into voluntary administration amid an $87 million tax debt.
“The company is engaged in the wholesale and distribution of alcoholic beverages,” a statement from Hall Chadwick said.
The administrators are gathering information, dealing with major stakeholders and assessing the financial position of the company to determine the extent to which the company can continue to trade.
“The administrators are gathering information, dealing with major stakeholders and assessing the financial position of the company to determine the extent to which the company can continue to trade.”
The Central Western Daily understands letters of demand have been sent to potential clients asking them not to pay Fernbrew or the D’Aquino Group of Companies, but directly to the ATO.
Mr D’Aquino was contacted for comment.
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Danielle Cetinski
Danielle started at the Kiama Independent in 2010 before moving to the Central Western Daily in 2014. She covers council, court, politics, general news and business, and elections are her favourite time of the year. Got a tip? Email danielle.cetinski@centralwesterndaily.com.au
Danielle started at the Kiama Independent in 2010 before moving to the Central Western Daily in 2014. She covers council, court, politics, general news and business, and elections are her favourite time of the year. Got a tip? Email danielle.cetinski@centralwesterndaily.com.au
