The parent company of Deliveroo Australia will pay creditors $19 million by the end of April as administrators finalise the failed food delivery business’ exit out of the Australian market
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Collapsed Deliveroo Australia’s parent company will square up all its accounts by the end of April 2023.In a virtual meeting on Wednesday, creditors approved a proposal put forward by Deliveroo’s UK parent, Roofoods, that would see creditors receive 100 per cent of their claims. Eligible employees will receive 169 per cent of their entitlements and eligible riders will receive 342 per cent of their entitlements.
“Once these payments are made, all claims against Deliveroo Australia will be resolved and the creditors’ trust will be dissolved and wound up,” administrators KordaMentha said in a statement.Deliveroo Australia owes restaurant partners $1.83 million, while customers are owed $238,000 in pre-paid Deliveroo Plus subscriptions, unused credit and unused gift cards.
Transport Workers Union national secretary Michael Kaine on Wednesday criticised Deliveroo for its business model of utilising gig economy workers and reiterated his called for greater industry regulation.
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