Really? People shouldn't whinge about not being paid because business is hard, working without getting paid is hard, it's theft and fraud pure and simple, if your business can't afford wages it's not a viable business.What others have said ...
+ Employees wages (inc annual leave) is federally guaranteed under the GEERS system so staff would have received their entitlements. It would have taken time (3 - 12 months) but they would have received it eventually. Spare a thought for the business creditors who wouldn’t have been so lucky.
+ This kind of thing happens **all the time**. Google “ASIC insolvency notices”. Provided the company wasn’t trading while insolvent (rare and hard to prove) or some other fraud then there is nothing illegal. This is a scandal why?
+ If our society was one that went after the private assets of people whose business failed ...
... what kind of society would we be? Who’d be mad enough go into business and employ people? Where would jobs come from? The government would be the only employer - it’d be like one of those basket case socialist countries.
+ Running a business and employing staff and having more money come in than what goes out is friggen’ hard. Sometimes (often) s**t happens. If business didn’t take any risks, what kind of an economy would we have? Answer: negative inflation -> recession -> people losing their jobs -> back to where you started.
And yes I have owned a couple of small businesses, with one my wife ran she worked 70 hrs a week and didn't pull a wage for the first 2 years but the employees always got paid properly, to do otherwise is greedy, shameful and dishonest.