Episode Details

Queensland Indoor Sports Company Collapses, Leaving Creditors with Massive Debts and Tax Bill

A Queensland indoor sports company, run by Colin and Ashlee Kinnest, has collapsed, leaving creditors with a staggering $2.6 million in debts and a $61 million tax bill to the Australian Tax Office. The company operated centers in Bundaberg, Brisbane, Logan, and Strathpine until liquidation hit late last year. The tax office claims the businesses filed false statements and wrongly claimed $39 million in refunds, leading to a court freezing the couples $10 million properties in September. The shutdowns have affected thousands of players in indoor cricket, netball, futsal, and more, wiping out key community spots for training and socializing. Liquidators from Pilot Partners are still investigating the companys finances, with 140 creditors lined up, including employees owed over $430,000 in wages and super, plus suppliers and local councils. Two venues have already sold to new owners, and sports leaders hope the rest reopen soon to bring back those vital hubs for players.

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