The future of troubled PC dealer Business Boost was hanging in the balance as ARN went to press late last week.
Business Boost had been placed in voluntary administration by Sydney accountants Grant Thornton. A first creditors' meeting last Friday did not resolve whether the company would continue to trade or not.
A second creditors' meeting scheduled for next week, however, should decide the fate of the company, which has been wracked by consumer complaints and debts. Those debts have been reported to exceed $1million.
Earlier this year, ARN reported (Jan 20, page 1) how the NSW Department of Fair Trading used new legislation to ensure Business Boost attempted to resolve complaints levelled against it by consumers. It was the first time the legislation had been called into action.
However, last week the State Opposition was scathing in its criticism of how the Business Boost matter had been handled. It claimed that if more serious action had been taken at the time, thousands of consumers would not be facing the prospect of having paid for a computer they are never likely to see.
It has promised to regulate the computer industry if it wins control of the State Parliament at the upcoming election.