Now there is a pending application for a new company on the ASIC Web Site for "Gulf Line Aviation", being a QLD application.
There has been some interesting information presented recently, when the Companies went into Administration, there was $889 in the bank, $9,000 ( or there abouts ) dollars of unpaid wages, $125,000 ( or there abouts ) of unpaid Tax ( PAYG and GST ) and an outstanding amount of superannuation to be paid.
And if you do some scratching around you'll also find that the Management of Carpentaria Helicopters wages are being paid by an entity other than the Administrator or previous director, how is that legal in CASA's eyes.
In my opinion, best case scenario the creditors will get an even share of $1,133 or worst case $0 ( or there abouts ).