If they were not paying staff superannuation they were probably trading insolvent. Set the dogs on the directors. GEERS won't recover your super, so you have to be quick and quite aggressive to have any hope of getting it - assuming that there is any money left, that is.
Sorry, but the dogs are toothless. Been there (RR Moore & Co/ Eastland Airlines) didn't even get the t-shirt. The administrator (who is only there billing out hours until the money runs out) even found evidence that the directors were likely hiding assets. Ended up arguing with ASIC's lawyers; they are not intersested in prosecuting the directors unless there are some press kudo's in it for them: eg HIH and Onetel. Have it from an investigation supervisors mouth that they have no desire, nor compulsion, to prosecute unless they think it is worth THEIR time! The ar$eholes that run these enterprises into the ground know that they will never face any consequences. What pisses me off even more is that if you were employed as a contractor you would write it off as a bad debt; as a PAYG taxpayer: tough sh*t! The ATO is criminally negligent as they refuse to enforce their own legislation to collect the super (but are first in line of the creditors looking for their cut). I believe that one of the directors is/was working for a certain large LCC in Aus. Another bailed a short while before the crash to attempt to distance himself from the mess and ensure he kept his mansion on the coast. They slither amongst us!
