Your Paradise Events Holdings Pty Ltd entered voluntary administration in July 2024 before creditors resolved to place the company into liquidation on 29 August 2024.
The liquidator's report estimates the company has approximately $1.19 million in liabilities, with unsecured creditors including hotels, tourism operators, artists, suppliers and contractors.
Your Paradise Events Holdings Pty Ltd is in liquidation.
Prospective guests should make their own enquiries regarding any future events operating under the "Your Paradise" name, including who the event organiser is, which legal entity is responsible for the event, and what consumer protections are available before purchasing tickets.
According to the liquidator's report, unsecured creditors include:
Many of these businesses are located in Fiji and relied on the festival as an important source of income.
No. This website is not aware of any criminal charges relating to the liquidation.
The liquidator did, however, investigate matters required under the Corporations Act and provided a statutory report to ASIC.
Copies of the liquidator's reports are available within the Sources section of this website.
At the time of the liquidator's report, a dividend to creditors was considered unlikely.
The liquidator advised that future recoveries would depend on matters including ongoing investigations and whether additional recoveries could be made.
Creditors seeking information about their individual claims should contact the appointed liquidator directly.
Liquidators have statutory obligations under the Corporations Act to investigate the affairs of insolvent companies.
The liquidator prepared and submitted a report to the Australian Securities and Investments Commission (ASIC) based on the evidence.