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

Company	ACN	Panel liquidator and firm	State	Number of employees	Entitlements	Date
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