Egg of the Universe has been accused of trading while insolvent, owing tens of thousands of dollars while plunging further into debt and making generous loans to directors.
Egg of the Universe claims to “inspire and celebrate community”, offering an “urban sanctuary” to activate the body and the mind.
Directors can be personally liable for funds lost by creditors while trading while insolvent, with ASIC also able to impose fines and prosecute directors for insolvent trading.The “funds to date have been insufficient to cover the cost of winding up”, meaning no further action can be taken for those owed money, unless they fund it themselves.
“The creditor’s report was lodged with ASIC, which has advised it does not intend to conduct any further investigations.” He has since relinquished control of the business to Byron Bay man Daniel Kurlapski, who is now the director of Samavaya, its shareholder company and its ultimate holding company. Kurlapski is not accused of any wrongdoing.
“It’s affecting my mental health, it’s leaving such a bad taste in my mouth. It really saddens me that this is the state of the industry,” said Lastra, who told this masthead she is owed about $9000 in unpaid wages and superannuation by Egg of the Universe. Egg of the Universe’s affiliated wholefoods cafe also came to an ignominious end in 2022 when unpaid rent led the landlord to change the locks.
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