
iComply's Collapse: Pacific Workers Left High and Dry
About this episode
iComplys Collapse Leaves Pacific Workers High and Dry: A Summary
iComply, a major player in Australias Pacific farm worker scheme, collapsed last December, owing $12.2 million in debts. The biggest hit is $4 million in unpaid superannuation to former employees, mostly Ni-Vanuatu folks under the PALM program. Liquidators say no cash is coming back to creditors, leaving workers high and dry.
Workers like Julia and Jerry from Vanuatu shared their frustration, calling it devastating after years of hard labor. Some felt relief to switch employers after dodging full paychecks, but the super loss stings deep for their futures back home.
The liquidators report revealed insolvency as far back as May 2023, with losses since the 2021 financial year and tax debts piling up. Regulators hit the company with probes over late super payments, health insurance lags, and sloppy worker housing and flights home.
The director blamed weak farm demand, rising costs from a Vanuatu earthquake, and stress from media scrutiny, but experts point to underfunding and bad decisions. The employment departments still digging in, underscoring cracks in oversight for these vital labor pipelines.
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Sydney News Today | 2 Min News | The Daily News Now! — iComply's Collapse: Pacific Workers Left High and Dry. Machine-transcribed; use the interactive transcript above to jump the player to any line.
It's April 12th. Welcome in. This is Sydney News Today, where local news meets AI. I'm Cory with the story. I comply Horticultural Compliance Specialists, a big player in Australia's specific farm worker scheme, collapsed last December, owing 12.2. Million dollars in debts. The biggest hit is $4 million in unpaid superannuation to former employees, mostly knee-vanewatu folks under the POM program. Liquidators say no cash is coming back to creditors, leaving workers high and dry. These specific laborers worked multiple seasons on Queensland farms, but dealt with pay shortfalls and never reported it, scared of backlash. Recruiters in Vanuatu saw the red flags early, warning their rapid growth in the scheme often spells disaster when demand dips. Workers like Julia and Jerry from Vanuatu shared their frustration, calling it devastating after years of hard labor. Some felt relief to switch employers after dodging full paychecks, but the super-loss stings deep for their futures
back home. This week, the liquidators report revealed insolvency as far back as May 2023, with losses since the 2021 financial year, and tax debts piling up. Regulators hit the company with probes over late superpayments, health insurance lags, and sloppy worker housing and flights home. Meanwhile, the director blamed weak farm demand, rising costs from Vanuatu earthquake and stress from media scrutiny, but experts point to. Underfunding and bad decisions, the employment department still digging in, underscoring cracks and oversight for these vital labor pipelines.
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