Two wealthy investors have handed Adelaide carbon management firm Carbon Planet a $250,000 lifeline to move the company out of voluntary administration, AdelaideNow.com.au reported. Carbon Planet mangement took control of the company back from Korda Mentha today after creditors unanimously agreed for the company to continue operating under a Deed of Company Arrangement. He said the company had reduced its cash burn rate to $140,000 a month as it moved from creating to deploying its intellectual property.

South Canterbury Finance (SCF) debenture and deposit holders will be paid in the middle of October, Trustees Executors, the trustee says, The Sydney Morning Herald reported. Receivers were appointed to SCF on August 31. The New Zealand Government decided to make full settlement under the terms of the retail deposit guarantee scheme on August 31 and the trustee has been holding the money on behalf of 35,000 investors since then. Bondholders were repaid on September 23. They represented about $NZ350 million ($A267.48 million) of the $1.6 billion owned to SCF secured investors.

It is likely to be at least two weeks before 150 workers at a north-west Tasmanian carpet factory know whether they still have jobs, ABC News reported. Tascot Templeton carpets at East Devonport went into voluntary administration last week. The Textile Clothing and Footwear Union says the Tasmanian Government has already given the company $4 million and it is time the Commonwealth provided some assistance. The Federal Member for Braddon Sid Sidebottom says there is already special assistance for textile workers but he will meet the union.

Premier David Bartlett has expressed confidence in processes to approve loans under the $100 million Tasmanian Industry Support Scheme, The Mercury reported. The reassurance comes despite the likely loss of $1 million lent to Devonport carpet-maker Tascot Templeton in March and the loss of $2 million lent to Hobart-based educational software firm E-tech. Mr Bartlett said about $8.9 million had been loaned to eight companies under the support scheme, which was set up in November 2008 to help companies through the global financial crisis.

Goanna Print has gone into administration, with managing director Phil Abbott saying the award-winning company had struggled to remain competitive because "we didn't want to drop quality". The Canberra-based printer entered voluntary administration with Frank Lo Pilato from RSM Bird Cameron Partners on Monday. Lo Pilato told ProPrint he had identified "cashflow problems" at the company. It is continuing to trade, and Abbott told ProPrint he was "quietly confident" the administrators would be able to sell the business as a going concern.

The future of Alinta Energy Group remains in the balance, despite a recapitalisation plan passing significant milestones yesterday, The Australian reported. The plan, known as Project Amber, was approved by key stakeholders. A proposal led by US private equity firm TPG Capital was approved at a meeting last night by the two holders of swap instruments over $2.55 billion in Alinta senior loans -- a crucial precursor to the deal proceeding.

Debt-laden energy generator Alinta Energy Ltd has entered a trading halt pending an announcement about ongoing negotiations with its lenders, the Business Spectator reported. The announcement comes amid reports that Alinta would be placed into voluntary administration next week if its financiers were unable to agree on the terms of the sale of the company by Sunday.

Lismore MP Thomas George will head up a delegation of landholders and other concerned residents from the Woodenbong area meeting with the administrators and receivers of FEA (Forest Enterprises Australia), The Northern Rivers Echo reported. The timber company went into voluntary administration and partial receivership in April with debts estimated to be around $200 million.

Mark Korda of KordaMentha said his main concern in MFS's financial problems was to ensure the sale of the Stella tourism group went through, The Australian reported. He said yesterday that if MFS went into voluntary administration before selling Stella then the value of Stella would be zero. Corporate recovery adviser KordaMentha was appointed by the MFS board in January 2008 to deal with MFS's solvency issues. The firm had consistently maintained that MFS was solvent because it had sufficient assets to pay off its liabilities.