iComply's Collapse: Pacific Workers Left High and Dry
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
iComplys Collapse Leaves Pacific Workers High and Dry: A Summary
iComply, a major player in Australias Pacific farm worker scheme, collapsed last December, owing $12.2 million in debts. The biggest hit is $4 million in unpaid superannuation to former employees, mostly Ni-Vanuatu folks under the PALM program. Liquidators say no cash is coming back to creditors, leaving workers high and dry.
Workers like Julia and Jerry from Vanuatu shared their frustration, calling it devastating after years of hard labor. Some felt relief to switch employers after dodging full paychecks, but the super loss stings deep for their futures back home.
The liquidators report revealed insolvency as far back as May 2023, with losses since the 2021 financial year and tax debts piling up. Regulators hit the company with probes over late super payments, health insurance lags, and sloppy worker housing and flights home.
The director blamed weak farm demand, rising costs from a Vanuatu earthquake, and stress from media scrutiny, but experts point to underfunding and bad decisions. The employment departments still digging in, underscoring cracks in oversight for these vital labor pipelines.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/fd3627d574d7c99a