Since 2013, Moree Artesian Aquatic Centre Ltd (MAAC), a public company limited by guarantee, has operated the region's premier health and wellness centre. Council is MAAC's sole member, owning the asset from which MAAC trades, underwriting its financial position, and ensuring it provides a valuable service to the Moree community.An independent engineering assessment commissioned by Council, has identified structural faults in the asset that need rectifying. Council anticipates the remedial work may take around 12 months. As a result, there would be no or limited revenue from the centre and no meaningful employment for MAAC staff while the proposed works are underway.
After careful consideration, on 29 July 2021, the Board of MAAC, and Council as its sole member, resolved to voluntarily wind up MAAC and appoint Morgan Chubb of Clout Advisory as liquidator.It is important to know that the liquidation is a solvent winding up because MAAC will be able to pay its debts in full within 12 months of starting the winding up, noting that Council guarantees its obligations. This means that all staff will be paid their full entitlements, and creditors will be paid in accordance with their usual trading arrangements.
The exciting prospect is that following the completion of the works, the artesian aquatic centre will re-open better than ever, offering improved benefits to the Moree community. Council looks forward to providing updates as the works progress. In the meantime, Council will be exploring ways to minimise the disruption to regular pool and gym users.Council has appointed WilliamsonBarwick to respond on its behalf to enquiries regarding the winding up of Moree Artesian Aquatic Centre Ltd (In Liquidation). You are encouraged to direct enquiries to: firstname.lastname@example.org.