Liquidators are investigating after F45 co-founder and celebrity trainer Luke Istomin’s gym company went bust owing more than $2.6 million, including an estimated $363,000 to employees.
The company provided labour hire “and other administrative services” to Reunion Training fitness centres in Sydney. Bailey said he was looking at whether there was evidence the company tried to avoid paying employee entitlements, which would leave the federal government to pick up the tab through itsHe had been contacted by staff who had not been paid for 10 weeks before his appointment as liquidator.Bailey also accused the company of sloppy bookkeeping, saying it was “evidently clear” it had failed to maintain adequate books and records as required by law.
UWU allied industries director Godfrey Moase said it was a violation of an employer’s obligations to ask staff to forego wages due to cashflow problems: “If you can’t afford to pay wages, then you can’t afford to be in business.”