Real Talk For Property Investors

Article Reading: Administrators appointed at real estate disruptor!

Samantha Eason Season 1 Episode 14

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0:00 | 13:07

Lower fees = lower service. You make the decision on what your property is worth.

https://www.realestatebusiness.com.au/tech/26050-administrators-appointed-at-real-estate-disruptor?utm_source=RealEstateBusiness&utm_campaign=30_06_2023&utm_medium=email&utm_content=1&utm_emailID=9abab4cc5de58be6e6bcdf915010a207b054039c56696ad116a6bf5e659d46b6

Article Reading with Samantha Eason: 

An Australian proptech company has been revealed as facing serious challenges and has gone into voluntary administration.

In an Australian Securities & Investments Commission (ASIC) notice published 29 June 2023, it was revealed that administrators from KPMG had been appointed to Different Technologies Pty Ltd., better known as :Different, under section 436A of the Corporations Act 2001.

That section spells out that a company may appoint an administrator/s if the board “thinks it is or will become insolvent.”

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