- GigSuper Holdings now in liquidation
- Had partnership with defunct Deliveroo
- READ MORE: Common brewer closing
A brilliant fund for ‘gig economic system’ meals supply riders and self-employed Aussies has gone into liquidation.
GigSuper was registered in 2017 to cater for the rise in staff working a facet enterprise or employed as unbiased contractors.
A 12 months later, it established a partnership with the now defunct Deliveroo.
The partnership enabled takeaway meals supply drivers – categorised as self-employed contractors – to make their very own contributions to retirement financial savings with GigSuper as an alternative of Deliveroo doing it for them.
However the start-up, co-founded by Peter Stanhope and Martin Batur, went into administration in early 2022 owing collectors $2.7million.
GigSuper Holdings Pty Ltd entered a members’ voluntary liquidation on Monday following a basic assembly of firm members.
This implies the group is now solvent and in a position to pay collectors, little greater than two years after it initially collapsed owing $200,000 to employees, $133,000 to the tax workplace and $2.7million to unsecured collectors, The Australian Monetary Evaluation reported on the time.
An Australian tremendous fund for the self-employed and ‘gig economic system’ meals supply riders has gone into liquidation (pictured a Deliveroo rider in Sydney)
DW Advisory principal Paul Weston has been appointed as liquidator with these believing they’re nonetheless owed money owed having till July 12 to make a declare.
Australia’s superannuation financial savings at the moment are value $3.8trillion, with virtually 1 / 4 of that cash – or $933billion – invested in self-managed tremendous funds.
Those that are self-employed, function as a sole dealer or in a enterprise associate do not need to pay themselves tremendous however from July 1, workers need to be paid 11.5 per cent of their wages in superannuation.
