Government open to funding public examination into Rebl Corp
GOVERNMENT funding for a public examination into failed media company Rebl Corp hasn't been ruled out as investigations into its collapse continues.
A spokesman for MP Andrew Wallace said the federal member was "happy to consider any requests from constituents for federal funding for projects or activities in Fisher, which are within the Federal Government's responsibilities and to advocate for these where he believes that the proposals are appropriate and have merit”.
"However, to date he has received no such request from any constituent,” the spokesman said.
Worrells liquidator Dane Hammond recommended a public examination into the company in a report released to creditors in May.
But, Mr Hammond told the Daily: "the time frame for creditors to express interest in funding” had closed and liquidators were "currently assessing the position and the options available”.
He estimated the examination would cost between $45,000 and $50,000.
Rebl Corp's associated companies Media Rebl and Digital Rebl went into voluntary liquidation in March leaving staff owed more than $180,000 in wages and superannuation.
A further $2.3 million is owed to unsecured creditors, but the company's combined assets total just $30,219.
The office of the Minister for Employment, Skills, Small and Family Business, Michaelia Cash didn't provide a clear promise to fund the examination.
A spokesman said it was not appropriate for Ms Cash to comment further as the matter was currently under investigation by the Australian Financial Complaints Authority.
"The minister has also tasked the Australian Small Business and Family Enterprise Ombudsman with assisting non-AFCA finance providers as well as other government agencies to work towards a suitable resolution for all parties,” the spokesman said.
A spokeswoman for the ASBFEO said the organisation had received 139 complaints regarding to Rebl Corp.
"A public examination could serve to provide additional light on the business practices on Rebl Corp,” she said.