Autolyse Cafe and Bakery closed down and staff terminated after popular Braddon business sold "My obligation was to maximise the return to creditors.
That's what I've done." The former workersmay not have a job but it appears their employment at Autolyse had a "limited future" in any case, as the previous ownerhad never reported an annual profit, owed almost $1 million to the ATO and failed to meet employee obligations. "My view is that the company, of which [Mr Gubas] was the director, was trading insolvent prior to my appointment, hence creditors resolved to liquidate the company." Mr Gubas had indirectly attempted to re purchase the business after it went into liquidation but Mr Hayes sold the business to anotherparty that had made a "substantially higher offer". Mr Gubas was also involved in another company which ran the failed Alto restaurant in Telstra cheap oakley eyeglasses Tower. It closed in 2013, owing hundreds of thousands of dollars to the ATO. Mr Hayes said any outstanding entitlements owed to Autolyse staff accrued since his appointment on November 15 last year, when he became operatorof the business, would be paid outby him. Any outstanding entitlements aside from superannuation from before November 15 would only be paid if the employees made a successful claim through the Federal Government's Fair Entitlements Guarantee scheme. When asked if the ATO would get any of the nearly $1 million owed, Mr Hayes said that oakley tactical gloves was unlikely. Mr Gubas had previously blamed the failure of Autolyse in Canberra on the demise of its Sydney sister store, which closed in March 2015, saying sales in Sydney did not oakley shorts meet expectations. Mr Hayes disagreed, saying after the liquidator closed blue oakley sunglasses the Sydney store, Mr Gubas' company had been given a second chance by creditors who had agreed to write off debt through a deed of company arrangementhelp him continue Autolyse in Canberra and trade out of trouble.
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