FAILED Queensland travel agency Travel & Cruise Centre Runaway Bay owes more than $400,000 to its creditors, according to a liquidator’s report.
Among those caught by the collapse are Travel Partners, which is owed $20,527, Express Ticketing, owed $8,219, and Excite Holidays, owed $638.
Other creditors include the Australian Tax Office ($7,720) and Allianz ($2,854), as well more than 40 consumers and other entities owed amounts ranging up to $35,089.
The company was wound up late last month and had its ATAS accreditation cancelled by AFTA at the same time (TD 27 Jun).
The agency was formerly known as Travelworld Runaway Bay and in 2016 became Travel and Cruise Centre Runaway Bay, a member of Cruiseco.
Its wind-up is being handled by Mitchell Herrett of liquidators RSM Australia.
Source: traveldaily