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Peter Nitschke Junk Filterer South Australia UZZ30 UZZ31
Posts: 10477 Reg: 11-2004
Rating: Votes: 3
Monday, March 30, 2009 - 06:14 pm, by: Peter Nitschke(Pen)
Shutting down a business doesn't absolve it from responsibility.
As you said, it might not be cost effective to chase it, but if there are a couple of people still in the same boat, then it might be worth while.
As far as I know, it wasn't a Pty Ltd. so the owner is responsible for all the business responsibilities regardless of whether he thinks it's shut down or not, and regardless of whether the business has any money or not.
Unless it was a registered company, then effectively a small business is "Owner" trading as "Business", so the "Owner" is totally responsible. For a few years.