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Liquidation looms for national brokerage

by Nick Bendel7 minute read

A brokerage with offices in five states may be liquidated in five days.

The Australian Taxation Office has filed a winding-up application against Rapid Finance, which will be heard in the Federal Court of Victoria on March 31.

Director Michael Cullinan was reluctant to comment when contacted by The Adviser in light of the upcoming court case.

Rapid Finance has 16 staff and offices in Melbourne, Sydney, Brisbane, Perth and Adelaide, according to its website.

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The firm offers residential finance, vehicle loans, personal loans and equipment loans as well as insurance, the site states.

 

 

 

 

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