Australian Newsagency Blog

A blog on issues affecting Australia's newsagents, media and small business generally.

Entries Tagged as 'Bill Express'

Australia Post foot traffic decline due to migration to digital

March 6th, 2014 · 1 Comment

In the Australia Post Annual report for the 2013 year (yes, I’m months late reading this), the organisation reports a 4.5% decline in retail foot traffic. They attribute this to consumers migrating to digital (online) channels for products and or service they would have access in an Australia Post retail outlet. This year we experienced […]

[Read more →]

Tags: Australia Post · Bill Express · Bill Payment

Bill Express parent company OnQ news

February 26th, 2014 · No Comments

I received a creditors report from the administrator of OnQ yesterday. OnQ is the parent company of Bill Express. Both companies were public companies. Both failed.  In this latest report, the administrator proposes a deed of company arrangement through which a backdoor listing business would take control of the OnQ shell. Click here to read […]

[Read more →]

Tags: Bill Express

Bill Express CFO sentenced to jail

April 10th, 2013 · No Comments

The Victorian Appeals Court has sentenced former Bill Express CFO Peter Couper to jail, saying the initial suspended sentence was ‘‘manifestly inadequate’’. While this is good news, I wish that newsagents could achieve justice for the tens of millions of dollars they poured into Bill Express and associated businesses with nothing of value left to show […]

[Read more →]

Tags: Bill Express

OnQ (Bill Express) resurrection of sorts?

March 25th, 2013 · No Comments

The Liquidators of OnQ are contemplating recapitalisation of the company. They are currently reviewing expressions of interest. This means the corporate carcass of a key part of the Bill Express operation could live on. Newsagents collectively poured tens of millions of dollars into Bill Express on the back of robust industry association endorsement only to […]

[Read more →]

Tags: Bill Express

Jail sentence over Bill Express

November 17th, 2012 · 1 Comment

SmartCompany is reporting that Enzo di Donato has received a suspended jail sentence of one year for matters related to Bill Express, the bill payment system promoted to newsagents from 2003 to 2008 by the ANF. While claiming another scalp is good news for the regulators, they are yet to bring to account enough of […]

[Read more →]

Tags: Bill Express

ASIC defends failure to prosecute Bill Express directors

July 4th, 2012 · 2 Comments

By Jason Bryce Lawyers representing the Australian Securities and Investment Commission (ASIC) have defended their failure to prosecute the directors of failed payments company Bill Express. ASIC have prosecuted a former financial executive of Bill Express and a share broker who assisted the directors of Bill Express to manipulate the BXP share price in order […]

[Read more →]

Tags: Bill Express

Bill Express in the news again

April 12th, 2012 · No Comments

Ah, it’s been a while. Bill Express was in the news last week with a report in the Fairfax media about court action commenced by the Al-Othman group over their investment in Bill Express. The Bull has a bit more on this. Reading the reports reminded me of the many millions of dollars lost by […]

[Read more →]

Tags: Bill Express

Bill Express connection should kill activ8me NBN roll out involvement

October 23rd, 2011 · 2 Comments

Further to my post of a few days ago, I have written to the Communications Minister to express concerns about activ8me being involved in the NBN given the pedigree of the company and the damage they and those associated with them wreaked on the newsagency channel through Bill Express. Newsagents were lied to by those […]

[Read more →]

Tags: Bill Express

A Bill Express connection with the NBN roll out?

October 20th, 2011 · No Comments

activ8me is one of the companies tied up with the Bill Express mess and they have been announced as a seller of NBN satellite and some other services. Technology Spectator has the story. For a bit of background on activa8me and where it sat within the Bill Express mess click here.  For more on Bill […]

[Read more →]

Tags: Bill Express

Over the counter bill payment is dead

October 18th, 2011 · 8 Comments

I was talking with a newsagent last week who was keen for a bill payment option for newsagents even after the financial collapse some years ago of Bill Express.  I was surprised as I have considered that over the counter bill payment is dead, not only in newsagencies but everywhere. Sure there are some who […]

[Read more →]

Tags: Bill Express · Bill Payment

Bill Express CFO pleads guilty

September 9th, 2011 · No Comments

Former Bill Express Chief Financial Officer Peter Couper yesterday pleaded guilty to two counts of falsifying books, one count of providing misleading information to an auditor and one count of providing false or misleading information to the Australian Securities and Investments Commission reports The Age. It is good to see some those responsible for the […]

[Read more →]

Tags: Bill Express · Brand retailing

ASIC bans Bill Express director

April 7th, 2011 · 7 Comments

On Tuesday, ASIC revealed that on March 17 it had banned Ian Christiansen, a former director of Bill Express, from managing a company for five years.  I suspect that the same fate would have befallen Ian’s brother Hal had he been alive today.  Fairfax papers have the story.  No news yet on the fate of […]

[Read more →]

Tags: Bill Express

ASIC bans Bill Express related director for 4 years

January 23rd, 2011 · 2 Comments

ASIC last week based Sandro DiDonato from being a director for four years because of matters relating to the collapse of Bill Express and OnQ.  Check out the report in The Sydney Morning Herald. I June 2008 I blogged about Sandro DiDonato and his role in a web of companies related to Bill Express. It […]

[Read more →]

Tags: Bill Express

Former Bill Express executive charged

September 29th, 2010 · 16 Comments

Peter Couper, the former Chief Financial Officer of the company and OnQ, is facing criminal charges according to a report in The Age this morning.  The report indicates that others will be charged as well. While there is still no solid news for newsagents in relation to the Bill Express equipment, my (non lawyer) opinion […]

[Read more →]

Tags: Bill Express

Bill Express executives face criminal investigation

July 25th, 2010 · No Comments

The Age is reporting that a criminal investigation into Bill Express executives is under way thanks to evidence gathered in the recent liquidators hearings. While there will be no economic joy for newsagents from this, those who feel ripped off by the whole Bill Express saga will derive some comfort that those in control of […]

[Read more →]

Tags: Bill Express

Macquarie adviser jailed for Bill Express scheme

July 14th, 2010 · 5 Comments

Newton Chan, fomerly of Macquarie Equities, has been jailed after pleading guilty to eight counts of market manipulation of the share price of Bill Express.  Mark hawthorne writing at The Sydney Morning Herald has more on this story including this: He will serve just four months after co-operating with ASIC’s investigation, including handing over a […]

[Read more →]

Tags: Bill Express

ANF involved in Bill Express screen project

June 24th, 2010 · 24 Comments

I am surprised to see the ANF involvemed in a project which aims to use Bill Express screens in newsagencies for advertising, especially since there is no disclosure, at this stage, of the commercial benefit for the ANF.  Given the ANF ivolvement in promoting Bill Express to newsagents from 2003 and the millions its collapse […]

[Read more →]

Tags: Bill Express

Closer to uderstanding Bill Express cash merry-go-round

May 26th, 2010 · 2 Comments

Banking Day has a couple of excellent reports from yesterday and last week on the latest from the investigation into the collapse of the company being held in the Supreme Court of Victoria.  Each day of the hearing has shown that newsagents were just a small part of a major financial scam. Bill Express funded […]

[Read more →]

Tags: Bill Express

Examination of Bill Express continues

May 8th, 2010 · No Comments

Mark Hawthorne continues his excellent reporting of the liquidators examination of the Bill Express mess in The Age today.  It is amazing how people who appeared to be at the centre of the company, signing documents, being the public face etc now say that they were being told what to do by others, one of […]

[Read more →]

Tags: Bill Express

On Q liquidators update

March 26th, 2010 · 3 Comments

I received a copy the annual report from the liquidator of On Q (a Bill Express related party) this week.  It details a situation as messy as that being investigated by the Bill Express liquidator.  The report documents some suspected voidable transactions, what look like questionable loans, a question about possible insolvent trading and a […]

[Read more →]

Tags: Bill Express

Bill Express Director loans probed

March 21st, 2010 · No Comments

The Herald Sun ran a story on Bill Express yesterday on page 87.  This adds to the excellent coverage in The Age over over recent months.  Yesterday’s story focused on the evidence of Julian Little and the treatment of a loan provided ot him by the company and paid out by the company. My understanding […]

[Read more →]

Tags: Bill Express

Bill Express hearing update

March 19th, 2010 · No Comments

Fpr those wanting an update on the Bill Express investigation in the Supreme Court, click here for the report on yesterday’s proceedings.  It’s all about Julian Little, the Bill Express Director who drove the relationship between the ANF, newsagents and Bill Express. 0 likes

[Read more →]

Tags: Bill Express

Unravelling the Bill Express mess

March 13th, 2010 · 4 Comments

The Age continues excellent coverage of the investigation into Bill Express today thanks to Mark Hawthorne’s work.  In addition to the Supreme Court investigation yesterday which shed light on cash leakage from the business in early 2008, Newton Chan pleaded guilty in the Magistrates Court to manipulating the share price. What a mess. Newsagents and […]

[Read more →]

Tags: Bill Express

Where the Bill Express cash flowed

March 12th, 2010 · 4 Comments

Mark Hawthorne’s Twitter live feed from the Supreme Court this morning is fascinating.  Check out his latest tweet: supreme court just heard #billexpress paid TBS $600k a month, and $7m in last month. Court told this was ‘stripping of money’ 0 likes

[Read more →]

Tags: Bill Express

Bill Express public examinations take us behind the scenes of the collapse

March 12th, 2010 · No Comments

Mark Hawthorne from The Age will be tweeting live from the Supreme Court today where public examination is underway of key players in the collapse of Bill Express. Follow Mark on Twitter at CollinsSpencer.  It is unusual to have a live news feed, via Twitter, from the Supreme Court. Newsagents should follow Mark’s tweets and […]

[Read more →]

Tags: Bill Express