{"id":517135,"date":"2026-03-04T01:59:10","date_gmt":"2026-03-04T01:59:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/517135\/"},"modified":"2026-03-04T01:59:10","modified_gmt":"2026-03-04T01:59:10","slug":"liquidators-of-queensland-indoor-arenas-continue-investigation-into-61m-tax-debt","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/517135\/","title":{"rendered":"Liquidators of Queensland Indoor Arenas continue investigation into $61m tax debt"},"content":{"rendered":"

A Queensland indoor sporting company owes creditors $2.6 million on top of a $61 million debt with the tax office following its collapse.<\/p>\n

Queensland Indoor Arenas, owned by Colin and Ashlee Kinnest, ran indoor sports centres in Bundaberg, Brisbane and Logan until its companies went into liquidation late last year.<\/p>\n

The Australian Tax Office (ATO) is pursuing $61 million in debt and penalties<\/a> owed by companies Bundaberg Indoor Sports and Kinnest Family PTY LTD, and their director Colin Kinnest.<\/p>\n

The ATO alleges the companies lodged false business activity statements and claimed more than $39 million in refunds.<\/p>\n

Liquidators sell businesses<\/p>\n

Mr Kinnest and his wife Ashlee Kinnest’s ownership of $10 million worth of properties was frozen by the Federal Court in September.<\/p>\n

\"A<\/p>\n

Colin and Ashlee Kinnest bought a swathe of properties across Queensland while expanding their indoor sports centre business. (Supplied)<\/p>\n

Cameron John Woodcroft and Bradley Vincent Hellen, of Pilot Partners, were appointed by Mr Kinnest as liquidators of the companies in November.<\/p>\n

The ABC understands two businesses, an indoor sports centre at Strathpine and a beach volleyball venue in Bundaberg, have sold to new owners.<\/p>\n

Mr Woodcroft said the liquidation process was ongoing.<\/p>\n

“We are continuing to conduct our investigations into the affairs of the company and the circumstances leading up to the liquidation,” said Mr Woodcroft.<\/p>\n

Documents lodged to ASIC show the Kinnest Family Pty Ltd owed more than $430,000 to employees in wages and superannuation.<\/p>\n

\"People<\/p>\n

Colin and Ashlee Kinnest have a sports centre at Springwood in Logan, south of Brisbane. (Supplied)<\/p>\n

The reports also detail a list of at least 140 secured and unsecured creditors, which included $39,000 owed to the Indoor Netball Federation of Queensland.<\/p>\n

The document also shows $10,517 is owed in rates to Bundaberg Regional Council, $1,015,318 to Money Renters Pty Ltd and $13,998 to WorkCover Queensland.<\/p>\n

Mr Woodcroft said his investigation into the company’s finances was continuing and he urged other creditors to come forward.<\/p>\n

“Our responsibilities as liquidators include identifying and recovering assets, assessing creditor claims, and reviewing any transactions that may be recoverable for the benefit of creditors,” he said.<\/p>\n

Impact to community sports<\/p>\n

Indoor Cricket Federation of Queensland President Stephen Mogg said the business collapse had impacted the sporting organisations that used the facilities.<\/p>\n

“To lose four indoor sports centres in Queensland has really, really impacted our industry quite negatively,” he said.<\/p>\n

He said there were potentially thousands of players across indoor cricket, indoor netball, futsal, and junior sports who had also lost their community.<\/p>\n

Mr Mogg said players remained hopeful other venues would sell and reopen at some stage.<\/p>\n

“They are community-based places \u2026 where people not only go to be active, fit and healthy, but to socialise as well,” he said.<\/p>\n

\"The<\/p>\n

QIA Springwood was closed by liquidators in December. (Supplied)<\/p>\n

In Bundaberg, Queensland Masters’ representative cricket player Jason Reepsdorff said it had left a social impact.<\/p>\n

“There’s no longer that weekly catch-up in person with mates and just meeting new people there at the centre,” he said.<\/p>\n

“And then the other aspect of that is with the representative side of things, I’m only getting to play and train when I travel to Brisbane.”<\/p>\n","protected":false},"excerpt":{"rendered":"A Queensland indoor sporting company owes creditors $2.6 million on top of a $61 million debt with the…\n","protected":false},"author":2,"featured_media":517136,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[142722,64,63,142721,44,258353,258354,6548,21331],"class_list":{"0":"post-517135","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-australia","8":"tag-ashlee-kinnest","9":"tag-au","10":"tag-australia","11":"tag-colin-kinnest","12":"tag-news","13":"tag-queensland-indoor-arenas","14":"tag-sports-centre","15":"tag-tax-debt","16":"tag-wide-bay"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/517135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=517135"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/517135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/517136"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=517135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=517135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=517135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}