This is an almost exact re-run of Skyairworld, who owed around $80 mil in debt. Some things you can expect, GEERS will take around 3 months to get, and then they may only pay out half of your entitlements! I had to join AFAP to get the other half I was legally entitled to. Around 12-18 months after the event the administrator might get around to getting the CEO in court for trading while insolvent. Nothing happened with this one in the SAW case.
And three years down the track you will get some of your super back. I got a cheque from the ATO for $24 they recovered of the $5000 super I was not paid.
Good Luck everyone. Word of advice. Get your GEERS paperwork in and move on.
