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Dividend imminent for creditors of Bill Express parent On Q

Mark Fletcher
September 2nd, 2014 · 2 Comments

The liquidator of OnQ, the parent of the failed Bill Express bill payments platform that cost newsagents tens of millions of dollars, has announced they are set to make a first and final dividend to creditors. You have until September 9 to lodge your proof of debt.

I am a creditor of OnQ as are most newsagents.  The Agreement I signed commits the company to paying rebates as outlined in Schedule D attached to the Agreement.

Update: The ANF responded to this post today not to me but on a forum of their own. While they say newsagents are not creditors, I know of newsagents whop were accepted as creditors at the time the company went down. hence my advice here. Through the links to this post you can see the relationship between Bill Express and OnQ.

3 likes

Category: Bill Express

2 responses so far ↓

  • 1 David // Sep 2, 2014 at 3:53 PM

    Can you let us know where we go from here to lodge.
    Am I correct in assuming that if we lodged documents at the time of the insolvency that we need do nothing know ?

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  • 2 Mark Fletcher // Sep 2, 2014 at 4:01 PM

    David the way these things go you will need to lodge again. Contact Danny Vrkic, Deed Administrator @ Recovery Management – reception@dvrm.com.au or call on 02 4225 2545.

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